A historical perspective on recent movements in Canada’s purchasing power parity / by Ryan Macdonald and Luke Rispoli. : CS11-626/2016-65E-PDF

"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. In the third quarter (Q3) of 2016, the U.S.–Canada PPP was US$0.84, meaning that for every dollar Canadians spent on goods and services, Americans spent 84 cents to buy comparable items"--Introduction.

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