Hoping there's a difference in content - that heat pump for one. On the Niro, you have to pay an extra 9k$ to get it thanks to a mandatory trim upgrade.
Edit - commercial version bases at 39,974 USD, XLT at 52,974 USD, max is 90,474 USD. Comparing the 68 CAD for the XLT, one gets an exchange rate of 1.28, not far off current numbers. It's even better at the top end where that rate computes to 1.215. Commercial - if 48 CAD - computes to 1.20.
The Canadian pricing is probably approximate given the spring 2022 on-sale date. Still, we're not being taken for a ride in the frunk.