LJNDawson.com, Consulting to the Book Publishing Industry
Book Publishing Industry Consultant

US Publishers to Canada: Oh, Dang

Category: Bookselling

From USA Today:

Bookworms north of the border are likely to ratchet up their complaints about the U.S. imports, now that the shrinking U.S. dollar and rising Canadian dollar met at value parity last week.

Prices there have been a lightning rod for scrutiny, partly because both U.S. and Canadian prices for the same book typically are on the dust jacket. While the U.S. dollar historically has had a higher value than Canada's, Canadian prices for books typically have been higher than exchange rates alone could explain...."Before, when there was a 5% or 10% difference (in the currencies), people would ? accept that the Canadian price was higher without making a calculation," says Douglas Porter, deputy chief economist at BMO Capital Markets. "Now that we're spot-on parity, it's tougher to explain away that difference."

 

Bookmark this post: Add this post to del.icio.us Digg it! Add this post to Furl StumbleUpon it! Add this post to Technorati Add this post to Google Bookmarks Add this post to Windows Live Add this post to Netscape Add this post to BlinkList Add this post to Newsvine Add this post to ma.gnolia Add this post to Tailrank
Posted by Laura Dawson , September 24, 07, 9:45 PM , comments(0) , permalink , Email this post
FRONT PAGE
Site design: thesuperheavy.com   Site engineering: Hamidof.com   Powered by: PHPBlogManager.com