In mid-September, the Canadian loonie finally hit parity with the U.S. greenback for the first time since 1976.
As soon as the two currencies became equal, it suddenly became a lot easier for Canadians to compare the price they pay here and the amounts showing up on
A Globe and Mail article revealed the following discrepancies in U.S. and Canadian pricing:
|
 |
U.S. price tags. According to a study by the Bank of Montreal, the difference is on average around 24 per cent on cars, clothes, and other identical goods, available in the two countries. This has left many Canadians heading south of the border to buy big ticket items such as vehicles and others going online to sites such as eBay to make purchases.
The article does point out that one everyday necessity that does seem to be on par is a cup of coffee, which can be found at Starbucks and Tim Hortons at the same price on either side of the border.
|
