In your own words explain the canadian price of gasoline, Ask an Expert

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In your own words explain, The Canadian $ price of gasoline is currently $C5.00 per gallon and the US Dollar price is $2.75 a gallon. Based on PPP and using the price of gasoline to determine what the $/$C dollar FX rate should be based on what they each buy, what should be the current $/$C FX rate? What is the actual FX rate in the FX market (cite data source. Based on this comparison does the Canadian Dollar cost too much or too little in US Dollars?

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