Thursday, October 30th9.1°C
21625

US, Canada price comparison study

Shoppers wondering why a stronger loonie has failed to level prices in Canada and the United States for many products may get some answers today.

A Senate committee that held hearings on price differences between goods in the two countries is set to release its report.

The Senate finance committee heard a variety of reasons why the same goods often have higher price tags in Canada despite the stronger Canadian dollar.

Finance Minister Jim Flaherty told the committee he wants Canadian consumers to benefit from the higher loonie.

The minister has conceded, however, that government policies such as tariffs may be part of the reason for the discrepancy.

The loonie closed Tuesday at 100.38 cents U.S.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14462.26-65.311
S&P CDNX772.10-8.97
DJIA17114.48140.17
Nasdaq4541.482-7.744
S&P 5001986.00+3.70
CDN Dollar0.8932-0.0009
Gold1197.40-27.50
Oil80.83-1.13
Lumber322.00+0.40
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.13-0.02
Cantex0.045-0.015
Anavex Life Sciences0.17-0.01
Metalex Ventures0.03-0.005
Russel Metals32.36-0.21
Copper Mountain Mining1.97-0.05
Colorado Resources0.13-0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.35-0.02

 



23028

FEATURED Property
1941017#120, 3550 Woodsdale Road
2 bedrooms 2 baths
$215,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22632