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Dollar = Dollar

PORKER

Well-known member
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

Well-known member
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.
 
A

Anonymous

Guest
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

Well-known member
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.
 

Silver

Well-known member
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.

Socialist????
 

Aaron

Well-known member
Brad S said:
Why couldn't you just buy a pickup in Minot then?

Because some people would rather whine to their local merchants than vote with their feet. I always fuel up in the US anytime I can, buy clothes, major purchases, etc. Have ever since dollar was around the .75 mark (and in some instances, before that). I am not going to waste my time with Canadian retailers, as they know nothing about business.
 

TimH

Well-known member
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. :D :wink:
 

Silver

Well-known member
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. :D :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.
 

HAY MAKER

Well-known member
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. :D :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.

If that was the case,then I would find me the best used truck I could find stateside..............good luck
 
A

Anonymous

Guest
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. :D :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.

I can't verify this because I've never been there--but I've been told by folks that were there, that you can go to South America or Asia or other parts of the world and buy the same John Deere tractor that sells here for $120,000 for something like $30,000 par--but you can't buy it there for that and then bring it back to here...

Differing pricing for different areas of the world- and just like we pay the huge costs of research and development on pharmaceuticals/chemicals- we also do it on equipment....
 
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