here in Canada???
Oh that's right, retailers haven't passed on any of the cost reductions, just padding the profits, which leads me to cheer anyone that heads for the border and shops in the US.
You watch, the dollar will eventually swing back to say 1.10 (not for a while) and when it does, everyone including supermarket chains will be crying as they raise prices to compensate for the rise in exchange. Pathetic!
I spoke to one restaurateur who freely admitted that even though his liquor costs had come down he was not passing the costs onto the consumer. Even the LCBO here in Ontario has reduced prices but not proportionally.
They had a story on the news today about a brand new Lexus RX350, fully loaded, there was a cost savings of $18,000 by buying in the US. Those are big ticket items that are not easily corrected at retail, if they dropped the price of a new car that much what would a used one be worth and most would have loans or leases extended beyond the reduced equity.
Fun stuff, as I get paid in USD I find it particularly bothersome! However I will be buying everything in the US now, maybe even plane tickets! :-)