Now that the dollar is nearly equal in US and Canada?

Question

Why do goods and services still cost more in Canadian dollars?

Answer 1

Would you charge less if you could sell the product at the price you have on it now? Retailers aren't going to lower prices until they are forced to. The only way to do that is to not buy from high charging retailers.
People tell me I shouldn't cross border shop because it is supporting the american economy. But I will buy in the states until Canadian retailers pull their heads out of their butts and realize people like me will shop down south until prices in Canada go down.

Answer 2

many of the goods may have been purchased prior to the parity of the dollar, but it can be stemmed to the fact that Canadian retailers like their profit for the week on one sale where the same item is sold at a cheaper price to sell many and make a similar profit. Americans are willing to deal to make a sale,the Canadians don't like making deals as easily,this plus the fact that they are double taxed on everything through PST and GST money grabs. 14% is a fair size add on to the already high cost of the item

Answer 3

All of those books and magazines published with an additional 25-75 cent price-boost will still have that high cover price for Canadians, so reading U.S. publications will still cost them more than it does U.S. residents.

The reason publishers won't be changing the prices downward to reflect the devaluing of the U.S. dollar is that they can still get that price, so they will.

Answer 4

It'll take a while for the adjustment to trickle down.
Merchants may have paid a higher price for the items.
In Buffalo/Niagara they were charging 18% exchange.
I just bought a magazine (in Canada) & paid the US price.

Answer 5

the value of oil has some to do with it. The national debt has lots to do with it and the undeniable fact that individuals felt compelled to spend greater effective than they make inflicting own credit problems has lots to do with it besides. And no, Europe isn't paying usa's debt!

Answer 6

Still different economies. Canadian retailers may just be charging more.

Answer 7

Canadian tax rates are higher than the American tax rates.

Answer 8

Because people are used to paying that dollar amount?

Answer 9

Perhaps there will become a common currency, now. The U.S. dollar may be shared between Canada, the U.S., and Mexico.

Answer 10

cuz of free health service and it pays for doctors police and etc

buh overall things are more expensive because of free health care