EXCHANGE RATE CHANGES DEPRESS CANADIAN CHRISTMAS BOOK SALES
January 1st, 2008
BY MONICA DOBIE, in Ottawa
THE CONTINUING disparity between Canadian and American book sleeve prices, despite the exchange rate rise of the Canadian dollar, may have depressed Christmas book sales in Canada this year. The Canadian Booksellers Association said 49% of Canada booksellers said sales were down on Christmas 2006, while 43% said sales were up and 8% the same. Usually the Canadian dollar trades below the US dollar, but surging Canadian oil and mineral prices have inflated Canada's currency exchange rate to US dollar parity. However, book sleeve prices ...
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