Well the media has finally caught on to the concept which I have been noticing for over a year now. Here in Canada, the USD conversion is worth 1.1 Canadian. That's not all too much of a difference when you look at it. But there is a big difference when you look at how much something costs in Canada compared to the same item in the US.
(As a side note: Just for all those Swiss and Euro users, the current conversion is .78 Euro to the USD, and 1.23 CHF for the USD. If we are looking at Canada - it's 1.43 EU for $1 CAD, and 1CHF is .90CAD. )
Now most people know the store GAP. A pair of Gap jeans in CAD is $79.95. In the US, that same pair of Gap jeans are just $59.95. I'm no mathematician but if we take that conversion factor, $80 CAD should be about $71 for a pair Gap Jeans in the US. In fact, they are something like 25% higher in price. It just doesn't work out.
Other items which carry this same awful conversion are magazines, books and CARS!!! The conversions just don't correlate anymore. So I do hope many Canadian shoppers head down to the US to do their shopping until this conversion nightmare gets adjusted. It's enough paying full price on an item, but 25% more for the same thing???
I just hope change is in the near future. And change for my immigration papers too...
Hi, thanks for your post. It is very informative on how to compare prices in Canada to other countries. The value of each once money. Anyway thanks for sharing.
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