Tourist dollars, from the Chinese in particular, are helping the Canadian economy chug along.迷你倉價錢 I have been keeping tabs on developments in Canada as I visit relatives there every summer. Canadians have a slow pace of life, and I have noticed very few changes to its cities in my visits over the years. However, as Chinese increasingly go out into the world, even a quiet place like Canada is feeling some impact. My relative told me of a brand-name store that just opened shop in Toronto, and it is crowded all the time. I went to check it out on a weekday afternoon and, sure enough, there was a queue outside. Inside, I saw many mainland customers happily snapping up the products. No wonder shopping malls there are also making public announcements in Putonghua and Cantonese these days. The prices at that store were not particularly low, unlike brand-name products sold at discounts in some stores. My relative said locals cross the border to shop in the United States if they really want good prices. That led me to surmise that the c迷你倉owd I saw at the mall where the shop is located must comprise mostly visitors from China. The Canadian dollar has been firmed up by high oil prices in recent years, but that has put pressure on production costs. The minimum wage there is more than C$10 per hour (HK$73.72) - higher than even US rates. The US government, meanwhile, has been driving down the value of the greenback after the financial tsunami. Coupled with low wages, the US manufacturing sector has been regaining some of its competitiveness. In the absence of immigrants and visitors from China, I suspect the Canadian economic conditions would deteriorate. So Canada is wise to be working hard to strengthen its relationship with China to reduce reliance on its southern neighbor. Big in size and rich in natural resources, and with a relatively small population, Canada has what China wants. Therefore, so long as China keeps up its pace of development, Canada will be receiving benefits from it for a long time to come. Siu Sai-wo is chief editor of Sing Tao Daily 新蒲崗迷你倉
- Aug 27 Tue 2013 19:25
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Canada feels the China effect
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