adjusted for the dollar, the bike would be $728.00 CAD. You didn't take into account the Canadian tariff giant pays for importing bikes to Canada ( a tariff to protect Cdn bike makers). We're talking a whopping $62 here.
It's not worth arguing over, since the 'inflation' is a tax. Jim
boring reading here:
The 13% MFN tariff is applied to developed countries like Taiwan, which is a major exporter of high-end bicycles. The 8.5% GPT tariff is applied to developing countries like China.
Unlike the tariffs on other goods, Canada's MFN bicycle tariff has not been reduced for over a decade. In 1994, at the conclusion of the Uruguay Round of Multilateral Trade Negotiations, Canada only agreed to bind its bicycle tariff at 13.2%, whereas the tariffs on other Canadian products were significantly reduced.
The 8.5% & 13% bicycle tariffs are double and triple Canada's average applied industrial customs tariff, which is only 4%. These whopping tariffs cause Canadian consumers to pay too much for bicycles.
For example, at the retail level, a 13% tariff translates into a $50 tax on a $475 bicycle - which is more than 10% of the retail price.