A ‘cheap date’ isn’t cheap everywhere
Cost of McDonald’s, movie tickets, drinks and cab rides varies globally
Why are mortgages so expensive in Canada?
Created By
Ratehub.ca
A “cheap date” consisting of dinner at McDonald’s, movie tickets, drinks and cab rides for two may cost more in Toronto and Ottawa than it does in Hong Kong and Shanghai but at least it’s not as pricey as it is in Sydney, Tokyo or San Francisco.
The fourth annual Deutsche Bank global price report comparing purchasing power across countries ranked 31 international cities as part of its “Cheap Date Index” measuring costs in $USD against the benchmark cheap date in New York City.
Mumbai was declared the cheapest place for a frugal outing at $24.70 whereas Mexico City and Rio de Janeiro clocked in at $35 and $48.50 respectively. The most expensive cities for young love are San Francisco ($104.60), Tokyo ($103.50) and London ($99.80). In Toronto, a cheap date will cost you $76 and $71.90 in Ottawa.
Across all consumer goods and services, including car rentals, iPhones, five-star hotels, Coke, beer, public transport, gas, gym memberships, Volkswagens, haircuts, jeans and more, Australia was deemed most expensive country followed by New Zealand and the U.K. Canada ranked higher than France, Germany and even Japan with an overall purchasing-power parity (PPP) of 98.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
Canada’s inflation rate increased to 2% in October
Canada’s inflation rate rose to 2% last month, up from 1.6% in September, but a December interest-rate cut is...
Inflation is on target in Canada, so why is food (and other stuff) still so expensive?
Why Canadians are still feeling the squeeze of high food costs, and what to do about it.
MoneySense at the MoneyShow: Capital gains and ETF sessions
Here’s how to get your free ticket to attend two MoneyShow virtual expos.
Deal or no deal: What to know before shopping Black Friday and Cyber Monday sales
If you’re one of the many Canadians looking for Black Friday and Cyber Monday discounts, here’s how to know...
Where are rent prices headed in Canada?
A new Desjardins report predicts rent inflation will slow in the next few years.
Couldn’t get Eras Tour tickets? Industry practices, lack of competition could be to blame
High demand has made it challenging to get tickets for Taylor Swift and other big artists in Canada, and...
Suncor Energy boosts dividend, earnings rise to $2.02 billion in Q3
The oilsands giant will return all excess cash to shareholders after hitting debt target early.
Shopify share price soars after Q3 earnings beat
Shopify reports third-quarter net income of USD$828 million, and its executives aren’t concerned about how Trump’s election win will...
How Trump’s election win could affect interest rates in Canada
Experts say Donald Trump’s promised policies risk higher inflation and could weigh on the Canadian dollar.