Duty-free limits on cross border shopping jump this weekend
And you thought the line-ups to get into the United States were too long the last time you went.
Despite the fact that prices are roughly 14% cheaper across the border, online shopping, lack of passports, border delays and the price of gas have kept many shoppers close to home.
But with the duty-free limits increasing this weekend, consumers will once again start looking south, predicts BMO Capital Markets.
Thanks largely to a weaker dollar, the price gap has dropped from the 20% price differential that BMO found last year, but higher duty-free thresholds could make up the difference.