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Buying local a phenomenon not to be ignored

July 1, 2015
François Dupuis, Vice-President and Chief Economist • Joëlle Noreau, Senior Economist

“Buying local” is a phenomenon that is expanding in the economic landscape and in the media. One need not search for long before one realizes that this is not a new idea, and that its current proponents have developed a plentiful and diversified series of arguments in support of their cause. The food sector is the vanguard of this movement, but buying local extends far beyond that sector. This overview shows that this trend appears to be a case of the pendulum swinging back after a period of industrial offshoring and massive imports of products. The weakness of the Canadian dollar could support this momentum for some time to come.

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