#canadian-economy

#canadian-economy

If we have nobody that travels in the U.S., we have no customers. Sales at duty-free stores have fallen between 40 and 50 per cent across the country since late January.

Statistics Canada reports that while the Canadian economy showed a promising start in January with a 0.4% GDP rise, it faced challenges in February.

The Canadian retail industry is experiencing unprecedented challenges, including record-low consumer confidence, inflationary pressures, rising operating costs and ongoing supply disruptions along with a difficult regulatory environment.

Paul Boucher, president of the Teamsters Canada Rail Conference, emphasizes the dangers of the government directive by stating it creates a "dangerous precedent" for collective bargaining, threatening unions' leverage to negotiate better wages and safer working conditions.