The Canadian Exchange Rate Is Raised By &Nbsp; Clothing Retail Prices Are Higher Than The United States

With Canadian dollar against US dollar exchange rate Recently, the Canadian dollar has changed to a record high of US $1.04 to US $1.04. Retailer Whether the price reflects the change of exchange rate has become the most concerned topic in Canada.

Industry experts point out that the value of the Canadian dollar has exceeded the US dollar, but Canadians buy books, cars, jogging shoes, iPod, DVD, and even golf balls, etc., with an average of 20% more than that of the Americans. For example, the same book in Canada sells for 16.75 Canadian dollars, but it only sells for 14.82 dollars in the United States. If the exchange rate is 1.02 yuan for 1 yuan, it can be purchased in the US for only 14.52 Canadian dollars, and the price difference between the two countries is as high as 15%.

Experts said that retail sales of various types of products in the retail industry were the first to push the retail channel of automobiles, books, electrical appliances, clothing and household products under the pressure of the biggest price competition. The reason is that such manufacturers and distributors charge different prices to retailers in the United States and Canada, and Canadian zero sellers also pay relatively high import tariffs.

According to the Market Research Report, Canada's jogging shoes are 48% higher than the US, +16%, +20%, +15%, DVD and Gap. Casual pants (+15%), Canon camera (+2%) and iPodTouch8GB (+24%).