PORKER said:Changes everything, from oil to beef to the price of cars and trucks.One Canadian dollar bought $1.0068 in U.S. currency at its highest point Friday before edging down to 99.95 U.S. cents in late New York trading, barely beating 99.93 U.S. cents late Thursday.
The Canadian dollar has experienced a summer of record highs on soaring crude prices and a strong economy. Retail prices, however, have yet to adjust, according to an economist at one of Canada's large banks.
Doug Porter, deputy chief economist at the Bank of Montreal, released a study Friday that indicates Canadians are paying roughly 24 percent more than Americans on identical goods despite parity in the U.S and Canadian dollars.
Porter compared 17 goods sold in Canada and the U.S., finding that retail prices in Canada have not yet responded because most are set a year in advance.
TimH said:PORKER said:Changes everything, from oil to beef to the price of cars and trucks.One Canadian dollar bought $1.0068 in U.S. currency at its highest point Friday before edging down to 99.95 U.S. cents in late New York trading, barely beating 99.93 U.S. cents late Thursday.
The Canadian dollar has experienced a summer of record highs on soaring crude prices and a strong economy. Retail prices, however, have yet to adjust, according to an economist at one of Canada's large banks.
Doug Porter, deputy chief economist at the Bank of Montreal, released a study Friday that indicates Canadians are paying roughly 24 percent more than Americans on identical goods despite parity in the U.S and Canadian dollars.
Porter compared 17 goods sold in Canada and the U.S., finding that retail prices in Canada have not yet responded because most are set a year in advance.
Yup. A new pickup that sells for $61,000 here can be had for about $38,000 in Minot North Dakota, 150 miles away.
We're paying pretty close to 80 cents a litre for dyed diesel. 4 litres is more than US gallon(1 US gallon is 3.78 litres). You do the math.
actually not a "free trade" agreement, but rather is government managed trade
Government-managed trade, not free trade
Milton Friedman (Nobel Prize winning economist and former Nixon and Reagan advisor) has argued that the North American Free Trade Agreement is actually not a "free trade" agreement, but rather is government managed trade. The essence of this criticism is that such trade agreements don't promote free trade, they inhibit it by implementing another level of bureaucracy on top of national governments. This can not only have a detrimental effect on trade, it results in an erosion of sovereignty for all nations involved and causes citizens and governments to be bound by decisions made by an unelected international body.
PORKER said:Porter compared 17 goods sold in Canada and the U.S., finding that retail prices in Canada have not yet responded because most are set a year in advance.
That a socialist government setting prices with taxes.
Brad S said:Why couldn't you just buy a pickup in Minot then?
Brad S said:Why couldn't you just buy a pickup in Minot then?
TimH said:Brad S said:Why couldn't you just buy a pickup in Minot then?
I could, and probably will when the time comes....... as long as the dealerships up here don't get together and start a group called R-Truck or something, and prevent me from doing business where I choose.:wink:
Silver said:TimH said:Brad S said:Why couldn't you just buy a pickup in Minot then?
I could, and probably will when the time comes....... as long as the dealerships up here don't get together and start a group called R-Truck or something, and prevent me from doing business where I choose.:wink:
I just saw on the news the other day that several manufacturers (I know Toyota was one, I believe GM was another) would not sell to Canadians stateside. Some manufacturers also won't cover warranty in Canada if the vehicle was purchased in the US.
Silver said:TimH said:Brad S said:Why couldn't you just buy a pickup in Minot then?
I could, and probably will when the time comes....... as long as the dealerships up here don't get together and start a group called R-Truck or something, and prevent me from doing business where I choose.:wink:
I just saw on the news the other day that several manufacturers (I know Toyota was one, I believe GM was another) would not sell to Canadians stateside. Some manufacturers also won't cover warranty in Canada if the vehicle was purchased in the US.