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Retail sales drop unexpectedly in June while cross-border trips soar
Canadian Press is writing today about how retail sales have dropped unexpectedly in June, raising questions about growth and the economy. Meanwhile, yesterday I wrote about how cross-border overnight visits in June were at their highest level since record keeping began in 1972. Could these two pieces of information be related? It would seem obvious to me that they are, but I don`t have any definitive proof.
In June, the duty-free limit increased to $200 from $50 on stays longer than 24 hours and to $800 from $400 for stays longer than 48 hours. Previously, a person who was away for seven days or more could bring back goods worth $750, duty-free. The limits for visits shorter than 24 hours and for alcohol and tobacco are unchanged.
Read the full article here.
Canadian Press is writing today about how retail sales have dropped unexpectedly in June, raising questions about growth and the economy. Meanwhile, yesterday I wrote about how cross-border overnight visits in June were at their highest level since record keeping began in 1972. Could these two pieces of information be related? It would seem obvious to me that they are, but I don`t have any definitive proof.
In June, the duty-free limit increased to $200 from $50 on stays longer than 24 hours and to $800 from $400 for stays longer than 48 hours. Previously, a person who was away for seven days or more could bring back goods worth $750, duty-free. The limits for visits shorter than 24 hours and for alcohol and tobacco are unchanged.
Read the full article here.