BMO Capital Market: Canadian retailers waiting for a wave of flight buyer

Over a period of less than five months, the Canadian dollar appreciated by 20% against the U.S. currency - as analysts noted BMO Capital Market, it is the most rapid growth in the history of observations. The consolidation had a negative impact not only on industrial and tourism industry but also threatens the retail business in Canada. As the Canadian dollar is moving towards parity against the U.S. dollar, the comparison between the two countries has become one of the favorite occupations of Canadians. Canadian retailers could face another wave of flight of the buyer to a neighboring country, despite the fact that the (estimated Bank) consumer basket in Canada by only 7% more expensive (given the current interest rate) than in the United States, compared with 18% in June 2008.