6. Conclusion

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This paper presents annual and quarterly estimates of CBS derived from a range of survey and administrative data sources at Statistics Canada. The 2012 annual estimates for the total expenditure on goods from the United States based on the different statistical assumptions examined are $5.9 billion, $8.0 billion, and $10.8 billion, respectively. The results suggest that CBS amounts to between one and two percent of the value of total retail spending in the domestic economy, depending upon the year and the statistical assumptions examined. The 2012 estimates corresponding to the low, medium and high expenditure scenarios are 1.3%, 1.7% and 2.3% respectively. The data also highlight the extent to which period-to-period changes in the value of CBS mirror recent fluctuations in the Canada/United States exchange rate. These expenditures have generally increased, in both absolute and proportionate terms, with the appreciation of the Canadian dollar in the post recession period to 2012.