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Consumer revolt?

I was under the impression that the increasing number of substitutes for local and regional retailers, particularly in the form of web-based retailers, were imposing more price discipline and making it harder for local and regional retailers to price-to-market.

Consumer revolt?

That means reduced profits will result in lower wages - the second of only two possible outcomes.

"Even those who weren't sure if you should by multiplying or dividing prices by the exchange rate could see that we were paying more for many consumer goods than were American consumers, and the resulting consumer revolt forced many Canadian retailers to reduce their prices."

I think you're right, but it's not exactly a model of rational behaviour!

There are plenty of exchange rate converter black boxes available free of charge on the web.

Interesting that the consumers didn't shower praise on retailers for allowing CPI to stay near 2% for the entire time that the Canadian dollar was below 70 cents. There's no pleasing some people.

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