Bank of Canada deputy discusses price divergence with US
Bank of Canada deputy governor John Murray examined the existence of "large and persistent gaps" between the prices charged in the US and Canada for similar goods in a recent lecture at Mount Allison University.
"For much of the past 30 years, prices in Canada have actually been significantly lower than those in the United States… there is considerable variation among goods and services, but, in aggregate, prices were often much lower in Canada," Murray said, adding that things have changed
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