David Friend, Michelle McQuigge, & The Canadian Press
June 4, 2012
Whether preparing to put their credit cards through their paces or bracing for a brutal assault on their business’s bottom line, Canadians across the country are preparing to usher in a new chapter in their relationship with U.S. retailers.
New rules governing the amount of money Canadians are allowed to spend south of the border take effect today, both firing consumers with enthusiasm and filling businesses with foreboding.
The changes —previously announced in this year’s federal budget — raise the amount of money Canadians are allowed to spend duty free during most cross-border trips.