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PS2's are around $200 Canadian here, while an Xbox costs around $270. The HDD is only $100, so it's a $30 difference for me.
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I'm from Canada also..and when I went to Future Shop on Wednesday night (when considering the PS2) both the Xbox and the PS2 retailed for $199.00 CDN. The HDD was $159.00 CDN for me. Must be just the geography then.