National Finance – November 2, 2011

In Committee from the Senate of Canada

National Finance – November 2, 2011

Bank of Canada Governor Mark Carney discussed consumer price differentials between Canada and the United States. He was questioned by senators about the estimated 11 per cent price gap, the value of the Canadian dollar, and inflation expectations. The committee is conducting this special study on price discrepancies at the request of Finance Minister Jim Flaherty.

Gerald McDonald and Kash Ram, two senior officials from Transport Canada, then discussed pricing of motor vehicles as well as vehicle standards and border crossing at various phases of production and sale.