Does the U.S. acknowledge that the Canadian dollar is at par?

Question

It seems that everytime we buy an item from the states, we are charged as though the U.S. dollar is worth more. What is the deal with that?

Answer 1

Three things probably figure into this problem. First, the loonie has been at par for only a relatively short period of time.--so anything you bought even a few years ago would have been affected by differences in exchange rates. Second, you probably pay duty in addition to shipping when your item crosses the border (not to mention a "processing fee", in addition to duty). Third, American products are often sold more cheaply in the US than in Canada because of clever corporate strategies that take advantage of less competition in Canada. You cannot get a book shipped to Canada from amazon.com, for instance, so you have to go through amazon.ca. And because amazon.com competes in a much larger book market than amazon.ca, the latter charges considerably higher prices. I just paid $108 CDN from amazon.ca for a book that sells for $68 USD via amazon.com. So we are getting all the drawbacks of a foreign company without the benefits of economies of scale.

If you know for a fact that you're getting dinged on the exchange rate, report to the better business bureau in the US.

But the direct answer is: "yes, they acknowledge it". It was on the front web page of CNN and the drudgereport yesterday, among others.

Answer 2

Now why did you sense the might desire to get gruesome on the top of your placed up? extraordinarily immature. you need to be fairly youthful. as quickly as I holiday, i pass to a financial business enterprise and convert my American money. shops do not prefer to handle foreign places currencies and are not arranged to attain this suited there in the shop. that's in basic terms undemanding experience . i might in no way make this a controversy in a foreign places counntry. Aparently, you have not been to South usa or Europe. they does not be drawn on your Canadian money the two.

Answer 3

They are in denial.


I would not get used to it though. Odds are the dollar will be less than the American one again soon. So buy some while you still can.

Answer 4

Since the mortgage rate is so high they have to charge extra in the US.

Answer 5

Almost par , values are in a constant state of flux

http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=CAD&submit=Convert

deal with it .

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Answer 6

It only happened recently. Perhaps the retailers haven't caught up yet.