Do you think this business is recession resistant?

[Ramster]

Originally Posted by SirMoby

I hate to tell you this. The dollar is going to drop even further. It will keep going until a good economic policy is put in place and then it will slowly glide downward for another 6 months. Only then will it turn upwards again.

It sucks but I didn't vote for him

Around here analysts are saying the same thing unfortunately. But the provincial (state) governments are starting to ask the Feds to lower interest rates here in Canada or do something. It is really hurting Canadian retailers as shoppers are heading south. With the duty it is still way cheaper.

Local shoppers are starting to get frustrated too. A magazine has a price tag on it:
$4.95 US
$6.95 Canada

This is pissing people off since the dollar is almost 10% higher than the US dollar.

[ponygirl]

Originally Posted by Ramster

Local shoppers are starting to get frustrated too. A magazine has a price tag on it:
$4.95 US
$6.95 Canada

I noticed at the Wal-Mart the other night that they are selling the magazines for the US cover price. Some of them didn't even have the Can. price on the cover.

Zellers (a Canadian company) has already advertised they are lowering prices here too. I'd rather shop for less here than go across the border.