Accept2 said:
Only some segments. The strong dollar is wreaking havoc on alot of our manufacturing sectors. When the dollar is strong, we have more import power, when the dollar is weak we have more export power. The question becomes do we want to become a nation that creates and sells, or do we want to become the US, a great consumer that imports everything, even things that it has because it costs more to produce internally than to import them...............
in general, Canada is an importer of goods. from the foods we eat to the shoes we wear to just about everything you and I buy on a daily basis is imported.
The manufacturing sector you mention has been making a living (not competing on an equal footing) counting on the weakness of our Canadian dollar which has for years given then an advantage. A stronger dollar (still giving then a 10% advantage) will force that sector to become more competative.
lets concentrate on the consumers like you and me. For how many years have we been asked to pay a currency exchange penalty on the guitars and amps we buy just because our dollar was weak?
My main point ( and I original made only one) is now that the exchance rate is getting better in our favour, I want our wonderfull Canadian retailers to reflect that fact and give us the appropriate break. I'm not asking retailers to cut their profits, BUT if an amp now costs then 15% cheaper to buy, I want to see a 15% drop in the price of that amp. If that too much to ask?