In 2008, even with the Canadian dollar at parity with the U.S. dollar, Canadian consumers still paid significantly more — up to 18% more on identical goods, according to a BMO survey. This article examines long-standing price disparities between Canada and the U.S., highlighting examples like CDs and everyday consumer goods. It also reflects on the concept of “The Tim Horton’s Savings Plan” and explores how behavioral saving strategies could tie into spending habits. The post also includes housing market data from Stats Canada, showing how new housing prices varied across cities in April 2008, with explosive growth in places like Regina and Saskatoon. While historical, the lessons about pricing fairness and savings habits remain timely for Canadians.
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