Posted AT 11:34 PM EDT on 17/10/07
Greed, gouging and bad citizenship
What have Canadians gained from our loonie's parity with the U.S. greenback? A more valuable currency should make the things we buy from other countries cheaper.
But, over the past five years, as the value of the Canadian dollar has appreciated against the American dollar, that has not been what's happened. Canadian retailers have not lowered their prices — instead, they have used the rising dollar to gain excessive profits at the expense of consumers and the whole economy.
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