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What's new isn't that the Canadian dollar has improved vs. the greenback (although the past six months have been rather phenomenal in that regard), it's that the math now is so easy for the customer to do at the bookstore. But the exchange-rate has been better than a 50% price difference (after a 10% discount) for a while now. They've had a rather long period of substantial profit based purely on Canadians' intuitive ideas about the strength of the Canadian dollar.
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November 02, 2007 -- 4:44 PM
posted by nobody knows my face
hey mary, I'd be interested in getting into something like that. What's the minimum investment allowed? I don't have a lot of money, but I could really use getting into some decent investments. Which bank are you with?
November 02, 2007 -- 11:16 AM
posted by mary
Ok, not sure if anyone is interested, but if you're thinking of investing in some Canada Savings Bonds, my bank has a 1 year and 3 year GIC that totally kicks Canada Savings Bonds butt. Its 1 year at 4.5% interest and 3 years (well, 36 months, but it's the same thing) at 5%. Sorry for the shameless promotion of my workplace's products, but it's such a good deal and if you're thinking about investing in something w/guaranteed interest you should know about it.
If you ARE interested, send me an e-mail and I can book you an appointment.
November 02, 2007 -- 10:49 AM
posted by mary (and Ed)
Hi Keri! The address is: 14510 142 Street. Sorry we didn't post that sooner!
November 02, 2007 -- 9:32 AM
posted by alison
day 1 of giving course lectures,
I HATE being nervous.
October 31, 2007 -- 7:52 AM
posted by Pam
Happy Halloween Everyone!
October 30, 2007 -- 10:31 PM
posted by Pam
thats awesome Alison!!!!!!
October 30, 2007 -- 9:55 PM
posted by alison
so, um...
any ideas for carving my pumpkin that aren't, THIS difficult?
as cool as it is, I'm not making the Deathstar...
October 30, 2007 -- 8:22 PM
posted by alison
maybe canadians like their inferiority complex.
it would seem as though edmonton does...
oh, and with respect to Audrey's, I'm going to go there this weekend, because not only does it suck to be an independent book seller in this market, but if no one supports them with this recent turn of events, how are they going to persist? that and I've found out there's a new Coupland and Bryson out... and I wanna look into them.
October 30, 2007 -- 6:46 PM
posted by Par
Kudos to Audreys for selling books at par (at a loss, no less), but the remarkable thing in that Journal story for me is this bit:
The prices of many books on Audreys bestseller shelves were set when they went to print months ago. At that time, the Canadian dollar was worth substantially less than its U.S. counterpart.Granted, there probably is additional expense in shipping and customs for bringing books to Canada, but in the past two years, the exchange rate hasn't been more than a 20% markup (the US dollar was last worth more than $1.20 Cdn in August of 2005).
...
Random House has offered a 10-per-cent adjustment on their backlist titles, but they're still selling $21 paperbacks in Canada that sell for $14 in the U.S.
What's new isn't that the Canadian dollar has improved vs. the greenback (although the past six months have been rather phenomenal in that regard), it's that the math now is so easy for the customer to do at the bookstore. But the exchange-rate has been better than a 50% price difference (after a 10% discount) for a while now. They've had a rather long period of substantial profit based purely on Canadians' intuitive ideas about the strength of the Canadian dollar.
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