Thought I would bring this along to see how things are going for others. The Bank of Canada "average" for 2003 was 1.40 cents but that is obviously sku'ed as the first 3 months were very high.

My distributors still aren't considering lowering their prices and are listing new products using the 1.59% rate to be "consistent" with the current pricing they use.

They were more than happy making a 25% margin (that was better than average for our industry to begin with). They are now making a 36% margin on the same product. That is an increase of over 40% on the same items.

Have any of you who needed to buy American products seen your prices go down at all from Canadian suppliers or has the hype over strong CDN $ being good for Canadian business proven to be more "theoretical" than anything?