Alibaba will host an event in Toronto on Monday to pitch Canadian businesses on expanding their operations to China, where a rising middle class is boosting demand for products like B.C. cherries, Alberta beef and Nova Scotia lobsters.
Chinese online shopping giant Alibaba Group's online payment platform AliPay will officially launch in Canada through a partnership with Canadian tech firm Snap Pay Inc. Canadian retailers will be able to accept Chinese currency from Chinese shoppers starting this week. AliPay North America president Souheil Badran says the company wants to offer Canadian merchants the opportunity to access the Chinese market...
o protect its domestic companies, Canada currently imposes duties on any goods worth more than $20, or $16 in U.S. currency. Officials want to raise that duty-free limit to $800, vastly expanding the number of untaxed consumer goods flowing north. It's a relatively little-noticed aspect of negotiations to recast the trade treaty, which enter a third round this week in Ottawa, but it's hugely important to store owners who fear it will drive more customers to larger U.S.-based online competitors.
The J.C. Williams Group National Retail Bulletin compares the latest monthly release of “raw” (i.e., unadjusted for seasonality) retail sales figures to those in the same calendar month of the previous year. Statistics Canada also reports seasonally adjusted sales that are compared to the previous month within the current calendar year to measure change in Gross Domestic Product (GDP). Although other sources use seasonally adjusted figures, J.C. Williams Group believes that using raw figures and making comparisons to the previous year’s performance more accurately reflects the seasonality of the retail industry and, therefore, are more useful in analysis.
Before last November that may well have been true, but no longer. Now, the idea of Amazon choosing Canada isn't just possible, it's probable. "If Trump wasn't president I don't think we'd be having quite this conversation," said Richard Florida, an urban studies theorist at the University of Toronto. "Trump has scared the bejesus out of everyone."