American Magazines And The Canadian Dollar
The rise of the Canadian loonie against the dollar — one of the top news stories of the year — has caused tension between Canadian magazine consumers and American media companies. At issue is the growing disparity between the U.S. and Canadian cover prices as the dollar declines. The Montreal Gazette, in an editorial titled, ”A Rip-Off By Any Other Name,” says:
”One of the magazines the giant Hearst Corp. publishes is SmartMoney, which claims on its website to offer readers ‘practical yet highly imaginative ideas for investing, spending and saving.’
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