Even though the soaring dollar has compensated off inside a large method for Canadian vacationers, any savings with that weekend getaway to Las vegas are ingested up through the high costs that customers are having to pay for a number of our goods in your own home. Canadians spend substantially greater than People in america do on an array of items. A few days ago, for example, Champs Sports in Canada revealed the brand new Nike Air Jordan Retro 1. It is a great searching basketball shoe as well as for many fans from the National basketball association legend worth the $159.99 cost. But think about this: the identical footwear at Champs in the usa are just US$109.99. Element in the exchange rate, and also the light blue and whitened leather high tops by having an picture of His Airness in mid dunk imprinted quietly really are a whopping 37 percent more costly north from the border. Main point here: it is much more in Canada to "End Up Like Mike."
Also it does not finish there. Some organic full sized sheets at Pottery Barn stores in the usa costs US$189 (or C$201.86). At Pottery Barn Canada it sells for $279. Wal Mart sells a 50 ml bottle of Calvin Klein Obsession for ladies in American stores for all of usDollar36.96 (or C$39.47). Exactly the same bottle at Wal Mart Canada is $52. And some "teak handle" grill tools at Williams Sonoma are US$69 (C$73.69), but $99 north from the border.
This cost gap is not new, just like any enthusiastic book or magazine consumer will explain. But couple of people compensated much attention once the dollar was at free fall. The cost difference did not appear to date fetched whenever we were transporting a 62 cent loonie within our pockets. However, using the dollar getting arrived at a thirty year high, many experts for example Bruce Cran, leader from the Consumers' Association of Canada, are pondering when it is going to finally be reflected within the cost in our goods.
Let's focus on the truly not so good news: "It will take as much as 2 yrs to determine the outcome of the more powerful currency," states Avery Shenfeld, a senior economist at CIBC. merchants bought most of the products under consideration several weeks before they made an appearance in stores, and sure converted their Canadian dollars in a greater exchange rate. The advantage of the strong dollar on clothes, for example, may not start working until spring 2008.