The reason is that the loonie's so-called purchasing power here is equal to only about US84¢ even though the loonie is trading on foreign exchange markets at a 31-year high of about US$1.02.
"Even though the Canadian dollar has now reached par with the U.S. dollar, there is still a significant gap between what the typical Canadian and the typical American can afford," said the report.
"Our standard of living has not reached the American level for several reasons," it said...
http://www.canada.com/nationalpost/story.html?id=197caa3c-5cf2-4079-b458-7850d4541e7d
Note: http://www.canada.com/n...
When's A Dollar Not Worth A Dollar?
Posted on Friday, October 05 at 17:10 by AnonymousContributed By
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... and one of those reasons is that a standard of living cannot be measured in dollars and cents.<br />
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The Human Development Index (HDI) is the measure of life expectancy, literacy, education, and standard of living for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used to determine and indicate whether a country is a developed, developing, or underdeveloped country and also to measure the impact of economic policies on quality of life.<br />
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1. Norway 0.965<br />
2. Iceland 0.960<br />
3. Australia 0.957<br />
4. Ireland 0.956<br />
5. Sweden 0.951<br />
6. Canada 0.950<br />
7. Japan 0.949<br />
8. United States 0.948<br />
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Past top countries<br />
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The number one ranked country in each year of the index. Canada is the highest ranking country, staying at the top ten times, and is followed by Norway, which stayed at the top six times.<br />
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source<br />
<a href="http://en.wikipedia.org/wiki/Human_Development_Index">http://en.wikipedia.org/wiki/Human_Development_Index</a><br />
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If we let criminals like Harper have their way, we'll drop to rock bottom in no time.