Carney explains Canada-US price gap narrowing

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Mark Carney, governor of the Bank of Canada, on Wednesday offered some insight into the drivers underlying price differentials between the Canadian dollar and US dollar.

At the Senate Standing Committee on National Finance in Ottawa, Ontario, Carney said according to estimates of the price-gap level, Canada-US retail consumer-goods price differential was 11% in September, down from 18% in April. It said prices of a set of comparable goods in Canada are an average of 11% higher than the prices of

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