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Wed Feb 6, 2013, 05:58 PM

Canada-U.S. price gap report calls for import tax cut

Source: CBC

Senators who studied why Canadians pay more than Americans for many products are calling on the government to review the taxes on imported goods.

Members of the national finance committee spent more than a year hearing from 53 experts, including consumer groups and manufacturers, as they studied why Canadian prices differ from American when the dollar is close to equal. The committee's final report says it "cannot offer an explanation as definitive as it would have liked."

The committee says factors influencing price include transportation costs, the relative size of the Canadian market and tariffs, or taxes on imports.

Read more: http://www.cbc.ca/news/canada/story/2013/02/06/pol-senate-reports-on-canada-us-price-differences.html

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