News in Niagara

Chamber boss says shop at home and improve our economy

8/21/2012

The CEO of the Greater Niagara Chamber of Commerce says Niagara is now feeling the ripple effect of an increase in cross-border shopping and new duty-free rules.

Walter Sendzik tells 610 CKTB News he is not surprised by Stats Canada numbers that show overnight cross-border trips jumped over 7 per cent in June to the highest level since 1972.

Sendzik says the Chamber's goal this fall is to tell the "Niagara Story" which will explain to people how spending locally helps improve the local economy.

He says shopping on this side of the border means more jobs for Niagara residents.

Sendzik says he's still reeling about comments made by New York State Governor Cuomo.

Sendzik says Cuomo was bragging about how cross-border shopping has injected 400 million dollars into it's economy.

He wonders what 400 million dollars spent here in Niagara would help local retailers and their families.

CKTB listeners are weighing in.

Many say they are tempted by the deals across the border, and although they are proud Canadians they need to make ends meet.

One caller, Jim says many cross-borders shoppers are the same people who complain that their kids can't get jobs locally.

Jim says it's time to look at the big picture and take care of ourselves, our families and our neighbours.

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  1. RockyR posted on 08/22/2012 12:12 AM
    Tell corporate headquarter's to get their money of off shore tax shelters and to invest in Canadian workers and products. You cried for tax cuts and the Chamber is the biggest lobby group on North America do you part for the "COMMUNITY"
    Big Business has socked away most of its earnings. According to the Gandalf Group, which tracks corporate cash reserves, the accumulation has now surpassed half a trillion dollars. To put that amount in perspective, it would almost wipe out Canada’s $602-billion debt. It would cover the nation’s public health bill for the next 3 1/2 years.
    • Business leaders ignored pleas from Flaherty and his colleagues to invest in innovation. Despite tax incentives and credible evidence that everyone would benefit, Canada continues to have one of the lowest levels of industrial research and development in the western world.

    • They turned a deaf ear to Flaherty’s exhortations to take advantage of record low interest rates and Canada’s strong dollar to upgrade their plants and invest in state-of-the-art equipment while Europe and the United States are mired in debt.

    • They shrugged off Ottawa’s entreaties to hire and train Canadian job-seekers, insisting they needed a greater influx of foreign workers to address labour shortages.

    In short, they have contributed little to the health of the Canadian economy, especially since the recession.

    They could afford to thumb their noses at the government as long as there were no consequences. Flaherty made it easy. Regardless of their behaviour, he gave them tax cuts, praised them for generating economic growth, followed their recommendations and watched passively as they squirreled away billions
    Someone needs to get Flaherty into the 21st century trickle down and tax cuts do not work that money is most likely off shore and not even taxed at all.
    USE IT OR LOSE IT!
  2. RockyR posted on 08/22/2012 12:15 AM
    They wanted free trade didn't they now they got it. No sympathy especially for business they do not pay their fair share see my other post.
    RR
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