A Historical Perspective on Recent Movements in Canada’s Purchasing Power Parity

The U.S.–Canada purchasing power parity (PPP) is a measure of the relative price level between Canada and the United States. It measures the difference, in dollars, that exists between the two countries for an individual or firm wishing to purchase an equivalent basket of goods and services in each country. This Economic Insights article presents quarterly estimates from Statistics Canada for the U.S.–Canada purchasing power parity. It is part of a series of research papers and articles that examine differences in price levels between Canada and the United States.