Sep

24

CanadaCanada dollar at parity with $US… Lots of products, such as books, have the price listed in $US and $Canadian, based on old exchange rates. Buy products in US, rent van, take them to Canada, return them. Rinse and repeat. Consumer goods arbitrage increases market efficiency by forcing producers to stop being silly about their pricing.

Jason Schroeder adds:

eBay is a Canadian's best friend. Of course, the customs dudes are profiting from that arbitrage themselves. Getting goods across the border is taking a rather long time. Getting packages from the UK, on the other hand, is faster than in country.

Gabe Carbone remarks:

There was a topic paper done by the economist at one of the Canadian banks in the past couple months on this. He listed off the top goods with arbitrage opportunities.

Sam Humbert extends:

A cross-pond arb I stumbled on: I bought a copy (UK version) of "The Seven-day Weekend: A Better Way to Work in the 21st Century" by Ricardo Semler, for a couple of dollars at a yard sale, and have been skimming it. I was curious to see how its AMZN reviews looked, so I checked AMZN/US, and was surprised to find the book is rare and valuable,

6 used & new available from $66.46

Then I noticed that at AMZN/UK, it's a penny + shipping,

58 used & new available from £0.01

A project for Prof. Haave: Buy all 58 UK copies and eBay them in the US..


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