Could a Strong Canadian Dollar Hurt Canadian Retail? That’s Loony!

By Neal 

A GalleyCat reader from Canada considers our recent talk of “book rage,” and wondered if the increasing strength of the Canadian dollar, which makes books and other American-made products even more expensive up north in terms of real economic impact as well as in list price, might turn into an Achilles heel for independent booksellers up north. “I saw from the original Reuters piece you linked to that a bookstore in my hometown of Edmonton is taking the loss and selling books at the U.S. price,” she emailed&38212;keeping in mind that they still had to pay Canadian wholesale prices for the inventory. “But I doubt every independent seller can afford to do that. When I was on the Chapters/Indigo site recently, I noticed they were touting their discounts on the list price. It’s the big sellers that discount that are probably being less affected by the sticker shock.”

What do you think?