Canada says some goods don't reflect C$-US$ parity

Wed Jun 11, 2008 5:25pm EDT
 
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OTTAWA (Reuters) - Prices for electronics and some other goods in Canada still do not reflect the fact that the Canadian and U.S. dollars are near parity, Finance Minister Jim Flaherty said on Wednesday.

Flaherty told reporters that books and autos generally reflect parity but "there is some slowness in other goods coming into line in terms of their prices," partly at least because of the strength of consumer demand that permits retailers not to be as competitive as they ought to be.

"So I say to Canadians, shop around, put pressure on retailers. It's up to consumers to make sure they exercise their choice and their power in the market place and insist on parity, on our dollar being treated as a dollar that's at par with the American dollar or a little bit lower," said Flaherty, who tried to put pressure on retailers last year when the dollar first reached parity.

(Reporting by Randall Palmer; Editing by Peter Galloway)