This comes at a time when luxury retailers are still betting big on the purchasing power of the Chinese consumer. "Luxury retailers and brands are beginning to open up to the prospect of selling online.This is making for a far more competitive Canadian luxury market," he said. "The luxury market in Canada is only limited to a few cities and the population for it has not grown at the same pace," he said. Arifuzzaman expects some consolidation in the luxury market as it grows, saying there will be a re-balancing of who the major players will be. However, Patterson said he thinks luxury retailers that create an "interesting experience" for shoppers in their stores will stay ahead of the competition.

Source: CBC News January 27, 2018 10:00 UTC