Vive Le Canada

Canadians still paying more for goods than Americans
Date: Tuesday, April 26 2011
Topic:


CTV News Staff


Canadians continue to pay significantly more for consumer goods than Americans, despite a high-flying loonie that is expected to float higher than the greenback for months to come.


A new analysis by a Bank of Montreal economist predicts that the Canadian dollar will remain above par until at least the end of 2012, if not longer.


The BMO report authored by Douglas Porter says "Canadians should get accustomed to a lofty loonie," which will restrain inflation and dampen the prices of imported goods.


But the climbing currency has yet to close a price gap with the United States, which may leave Canadians scratching their heads as to why they have to pay more for the same consumer items.


full article http://www.ctv.ca/CTVNews/TopStories/20110414/loonie-prices-bmo-110414/



CTV News Staff


Canadians continue to pay significantly more for consumer goods than Americans, despite a high-flying loonie that is expected to float higher than the greenback for months to come.


A new analysis by a Bank of Montreal economist predicts that the Canadian dollar will remain above par until at least the end of 2012, if not longer.


The BMO report authored by Douglas Porter says "Canadians should get accustomed to a lofty loonie," which will restrain inflation and dampen the prices of imported goods.


But the climbing currency has yet to close a price gap with the United States, which may leave Canadians scratching their heads as to why they have to pay more for the same consumer items.


full article http://www.ctv.ca/CTVNews/TopStories/20110414/loonie-prices-bmo-110414/







This article comes from Vive Le Canada
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