Increase in dutyfree allowance would lead to massive job losses in Canada
A new study commissioned by the Retail Council of Canada says an increase in the dutyfree allowance for crossborder shopping would lead to job losses and cut billions of dollars from the Canadian economy
A new study commissioned by the Retail Council of Canada says an increase in the duty-free allowance for cross-border shopping would lead to job losses and cut billions of dollars from the Canadian economy.
The study comes as U-S lawmakers push for Canada to increase the duty-free allowance from 20-dollars to 800-dollars as part of ongoing NAFTA talks.
The study says that would lead to a 12-billion-dollar hit to Canada's G-D-P by 2020 -- and upwards of 300-thousand job losses.