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Canadian Loonie reaches parity with U.S. dollar, so why are Canadian cars more expensive?
Due to the dollar's dip, one American greenback is worth the equivalent Canadian Loonie. At least, it's worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. Even though the two currencies are at parity, the difference in the prices of various cars ranges from $7,000 to $10,000. An Audi A4 Quattro with the turbo 2.0-liter is $32,000 in the US, but it'll set you back more than $40,000 in Canada. A $25,095 Taurus here will run you ... Read more →
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Canadian Loonie reaches parity with U.S. dollar, so why are Canadian cars more expensive? 2 years ago on Autoblog
Due to the dollar's dip, one American greenback is worth the equivalent Canadian Loonie. At least, it's worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. Even though the two ...
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