KeatsConnelly Cross-Border Weekly Best of the Web 2016-2-5

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we are highlighting some particularly interesting articles. The first article covers on US tourist city’s attempt to lure Canadians back to the beach despite a weak Canadian dollar. The second piece reminds us that people also immigrate north across the border. And the final article provides an interesting take on the impact of plummeting oil prices.

Myrtle Beach Businesses Taking Canadian Dollar At Par To Lure Back Visitors (www.huffingtonpost.ca) – Myrtle Beach, S.C., knows the falling loonie means you won’t be coming to the States, and the city wants to change that. To entice Canadians to the area, hotels, attractions, and restaurants are offering deep discounts to Canadians until April 30, all valid with Canadian ID. The discounts are meant to “at least cover the difference” of the dollar conversion from Canadian to U.S. currency. Myrtle Beach Area CVB marketing director Susan Phillips said the hope is that the promotions will overcome “any financial hurdles caused by the exchange rate…

‘An alternative exists’: the US citizens who vowed to flee to Canada – and did (www.theguardian.com) – In November 2004, David Drucker and his wife Pam were at home listening to NPR when they heard the news that would change their lives: George W Bush had been re-elected as president of the United States. In the lead-up to election day, the couple had made a pact: if John Kerry won, they would build their dream house in Vermont; if he lost, they would move to Canada. A year later, they were on their way to Vancouver to start their new lives…

The oil crash is kicking off one of the biggest wealth transfers in human history: BofA (www.financialpost.com) – Economists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap oil is a good thing for consumers and commodity-sensitive businesses, while pessimists point to the hit to energy-related investment and possible spillover into the financial system. A new note from Francisco Blanch at Bank of America Merrill Lynch, however, puts the oil move into a much bigger perspective, arguing that a sustained price plunge “will push back $3 trillion a year from oil producers to global consumers, setting the stage for one of the largest transfers of wealth in human history…

Come back in next week for more interesting news and articles. Enjoy your weekend!

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Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
A Canadian's Best Tax Haven
This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
Taxation of Canadians in America
This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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