"The movement took off earlier this year after consumers switched to Canadian-made products in an effort to boycott the United States following a trade war and threats of annexation from president Donald Trump. But since its peak, recent data suggests the trend has fallen off. Statistics Canada's latest report found that nearly 70 per cent of businesses did not experience an increase in sales of their Canadian products over the past six months."
"Experts say inflation and the removal of some of Canada's counter tariffs on U.S. products have made the items less expensive and may mean consumers are returning to old habits. A recent Bank of Canada survey also found that most people said they weren't willing to pay more than an additional 10 per cent for a Canadian-made product. There seems to be a long-lasting shift in the general public towards prioritizing Canadian goods and services,"
Buy Canadian surged earlier this year after consumer shifts toward Canadian-made products aimed to boycott the United States amid a trade war and threats from president Donald Trump. Recent data show the trend has weakened: Statistics Canada reported nearly 70 per cent of businesses did not see increased sales of Canadian products in the past six months, while about 13 per cent did. Experts cite inflation and removal of some counter-tariffs that lowered U.S. prices as reasons consumers may be returning to old habits. A Bank of Canada survey found most people unwilling to pay more than 10 per cent extra for Canadian-made goods, and many typical holiday gifts are not manufactured in Canada.
Read at www.cbc.ca
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