Why Aren’t Canadian Retail Prices Coming Down? The Strong Canadian Dollar and the Challenge For Retail Prices

It is common for Canadian retailers to receive blame for in-store prices that are higher than in the United States. However, retailers have little control over higher prices. This article explains the causes of these higher prices, such as foreign-owned companies’ expectations of higher margins in Canada, as well as higher costs of doing business in Canada. It also provides recommendations for ways to keep shoppers in Canada.