Back with the images as per Sanat request. I reset all the
parmeters (in fact I had almost all to default except some Cfns.
before) and now I took a set of pictures with the camera as it came
from the store.
The first thing I see is the jpg is underexposed by about a stop.
You can see that when you open the Levels in Photoshop. The
historgram is not pushed to the right as far as it can go, and if
you want to bright white building in the center to be fully white,
that is what is needed. Of course, ultimately how bright you want
it is up to you, but proper exposure of a digital image should
normally be pushed right as much as possible with white objects in
the frame. So your premise that the jpgs are properly exposed is
questionable. The raw is almost downloaded....and it is virtually
identical. View both histograms in Photoshop. You would expect the
jpg to be slightly different and it is, but only slightly. Maybe a
quarter of a stop off, but that is easily attributed to whatever
Canon does to a jpg to ensure it is not blown out. Emperically, the
histogram shows they are, for all intents and purposes, the same. I
don't see the issue.
The images also looked identical on my screen. Here is a capture of
the two histograms. I think the jpg is on top. The highlights are a
very small bit less bright. Less than a third a stop, I'd guess.