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However, Compared To Its Southern Neighbor, The Canadian Watch Market Still Seems Small. Despite 37 Million Inhabitants And Economic Success, Particularly Driven By The Oil, Gas And Mining Sector, Canada Ranked 22nd Last Year On The World Map For Swiss Watchmakers, Behind… Portugal, With 177 Million Francs In Imports. We’d Expect The Country To Figure More Prominently In Watchmaking Statistics! True, Demographic Giants Like India And Brazil Are Even Lower In The Swiss Watch Federation’s Annual Ranking, But Canada, An Advocate Of Free Trade And A Well-included Globalized Country, Is Far From The Crippling Levels Of Protectionism That Prevent Brands From Investing More There. “a Land To Conquer”. “the Canadian Market As A Whole Is Still A Land To Conquer For Swiss Watchmakers. The Population Is Doing Well And The Economy Is Doing Well,” Says Marco Miserendino, Co-owner Of Bijouterie Italienne In Montreal (An Official Rolex Retailer) And President Of The Canadian Jewelers Association, The Country’s Leading Organization In The Sector With More Than 1,000 Professional Members. But Why Isn’t Canada In A Stronger Position In Terms Of Swiss Watch Exports? “the Major Watch Liquidators Are Based In Canada. This Fact Distorts The Official Statistics. ” Industry Representatives Cite Several Reasons, But Particularly, Given That Watchmaking Is Now More Associated Than Ever With Foreign Visitors, Is Its Short Tourist Season. However, The Current Exchange Rate Seems To Favor Cross-border Purchases From U. s.
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