Sunday, October 21, 2007

Pressure On Canadian Retailers To Decrease Prices

We've known for some time now that it is cheaper, in many cases, to import a car from the US than buy it from a Canadian dealership. We still haven't been able to get a straight answer from the auto manufacturers as to why this price discrepancy continues to exist.

But, guess who's making it a mission to get prices adjusted - at least at the retail level - to reflect our stronger Canadian dollar?

Here's the quote:

"It's an opportunity for us, on behalf of the Canadian people, to encourage retailers to reflect [on] their prices [and] the fact that they have an advantage with respect to costs right now," he said. "Their costs go down because of the increased value of our currency, and that should be reflected in prices. And the sooner the better."

To find out who said this, visit:

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