Saturday, December 22, 2007

Loonie arbitrage

Over the summer, I spent a couple days visiting my family in Vancouver. As we visited the area, K and I were surprised how expensive things were (and this was before the loonie caught up with the greenback). My aunt mentioned that it wasn't unusual that people would come down to the US to do their shopping.

According to a news article, its so prevalent that:

At the Fashion Outlets mall just outside the city of Niagara Falls, managers have placed collection bins near the exits where Canadians customers can deposit their unwanted items.

Business is booming for a lot of border towns as our friends up north are cashing out at parity!

No comments: