finding the beauty in life

Saturday, December 1, 2012

OH CANADA! WHAT WE REALLY PAY FOR



Oh Canadians! Have you ever wondered why products in the United States are much more cheaper then the prices they are offered for in Canada? Well look no further the answer is here.
After purchasing a few products at Canada's Shopper's Drug Mart I decided to see how much the products would cost in the USA. I found the cost of the first product at Target in the USA, and the remaining two at Rite-Aid. After comparison I found that Canadians are paying $3.00 more per product(products listed in this blog) before taxes. Enraged that we are paying much more then our cross border neighbours I decided to find out why. The short answer to this question will be posted in the following points.

FACTORS CONTRIBUTING TO HIGHER CANADIAN RETAIL PRICES
  • taxes.
  • higher sales and larger markets in the U.S.
  • labour costs.
  • productivity gaps.
  • transportation costs, which in Canada include both gas taxes and a vast area to cover.


So there you have it my fellow Canadians,not only are we paying for the product but, several other important factors that make it a possibility for that particular product to be available in Canada.Lets not forget that the store also needs to make a profit, pay their employees, and pay the basic costs of keeping the store running. 

For those Canadians living in places that border the USA would this make you more inclined to shop there?
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For more info check out the article:WHY CANADIANS PAY MORE
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