The Canadian dollar continues to drop, falling below the 80 cent brink to reach a record low in almost six years. As a result of this, Canadian shoppers are set to keep their shopping habits on this side of the border instead of buying from U.S. shopping sites, which has been a strong trend over the past few years when the U.S. and Canadian dollar were almost on par.
Cross-border shopping will not end completely as there are still items that Canadians vie for unique to American retailers but the overall trend to shop in Canada, online and in-store, is the way of the near future. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
