Retail is not doing well in Canada at all. Many stores are closing and more stores could well be on way to closing soon.
People buying stuff is going down and stores not doing well at all.
Interest rates are at a all time low, to get a housing mortgage for people that have very little money to buy a house because housing is well going up so high in Canada! Yes is not far from being like San Francisco. Where a million dollar home will get you a very very very small starter home.
The Canadian dollar is at all time low.
And well the Canadian dollar is at all time low, it means when you buy American goods it cost more.
Added (1). And well the Canadian dollar is at all time low, it means when you buy American goods it cost more.
Example US
iPad Mimi 4 128GB cost $399 US
iPad 9.7 inch 128GB cost $429 US
iPad 9.7 inch 32GB cost $329 US
Example CA
iPad Mimi 4 128GB cost $549 CA
iPad 9.7 inch 128GB cost $579 CA
iPad 9.7 inch 32GB cost $449 CA
If so what is going on? Why is every thing getting worse every year?
Read more: Is Canada in a major recession?
