Douglas Porter, deputy chief economist for BMO Capital Markets, estimates that cross-border shopping already drains over $20B from domestic retail sales and that number will jump with the rules introduced Friday

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Cross-border shoppers may welcome increased duty-free limits that kick in Friday, but those changes will magnify problems Canadian retailers are having with the noticeable price gaps between Canada and the U.S.Powered by NewsLook.com Producer : CBC

Douglas Porter, deputy chief economist for BMO Capital Markets, estimates that cross-border shopping already drains over $20B from domestic retail sales and that number will jump with the rules introduced Friday official