06:44 AM EDT, 03/20/2025 (MT Newswires) -- Word in the media is that the 'Buy Canada' movement is starting to bite some United States businesses, said Bank of Montreal (BMO).

The bank noted that it understands the patriotism, but there are also some costs.

Personal care, cleaning products, packaged food & beverage, and cars see more than half of their imports sourced from the U.S., pointed out BMO At the low end, items like clothing and electronics are almost entirely sourced elsewhere.

Statistics Canada notes that just over 13% of Canadian consumption spending is dependent on U.S. imports -- either directly, or through the supply chain.

By extension, total imports probably push toward a third of consumer spending on goods in Canada, stated the bank.

"Buying Canada" could certainly shift some spending to domestic sources and there could be some incremental economic gains. But, it would also likely come with somewhat higher prices -- BMO has done some comparison

shopping and the gap can be wide while narrower in the grocery store -- and with reduced selection.

For many, it might be worth it, added the bank.

Other areas to watch 'Buy Canada': Canadian travel to the U.S. has fallen around the turn of the year; public procurement could redirect spending to Canadian sources; investors could buy more Canadian stocks/bonds, but there's already an overweight home bias in equities, according to BMO.