Daily Archives: January 31, 2016

Nonsense on the Dollar

Eye on Comics took a look at the effect of currency exchange rates between the United States and Canada on comics retail a few years ago, when the two countries’ dollars were essentially at par. But now, the Canadian dollar (often referred to as the loonie, so named for the image of a loon on the dollar coin) has weakened significant in a rather short period of time. As of this writing, the loonie is worth 72 cents US, or conversely, the U.S. greenback is worth $1.40 Cdn. That means the average $3.99 US comic book costs a Canadian reader $5.58 out of pocket, before taxes or any sort of discounts are factored in.

Given the shift in the currencies in 2016, Eye on Comics opted to revisit the issue and it’s affecting the Canadian comics retail sector.

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