Purchasing Power Parities between the United States and Canada: Concepts and methods

The aim of this article is two-fold: first, to discuss concepts and methods of estimating Canada-U.S. purchasing power parity (PPP); and second, to present key estimates. The estimates incorporate the 2017 benchmark prices from the Organisation for Economic Cooperation and Development (OECD) PPP Program and corresponding national income data from the Canadian System of National Accounts. Furthermore, U.S. data were obtained from the Bureau of Economic Analysis (BEA) and the U.S. Census Bureau.