Strong Canadian Dollar, Lower Prices

By RedFlagDeals.com Staff

September 22, 2011

Compiled by RedFlagDeals.com

Canadian retailers are lowering prices! From household goods to cars, a select number of Canadian retailers and manufacturers have stepped up and announced lower prices on a selection of products. With the holiday shopping season approaching we'd expect even more price drops so we've put together a list of retailers in Canada who have made formal announcements of lower prices tied to strong the Canadian dollar. We'll continue to update the list as you do your holiday shopping so check in every week to save! In the mean time, check out the Deals Page for deals from these retailers and more!

Announced Price Reductions

Company: Details: Source:
Audrey's Books, Edmonton
Sharon Budnarchuk, co-owner of independent bookstore Audrey's Books, is selling US books at the US dollar rate until December 31st, 2007. Canadian Press
October 30, 2007, 2007
Bay Bloor Radio, Toronto
Lower prices on home theatre and audio equipment according to store manager Peter Kelley. For example, a Yamaha stereo system for $100 less at $699 due to the weaker US currency. Toronto Star
October 20, 2007
Best Buy, Nationwide
Best Buy has updated their website with a section dedicated to information on prices lowered to match or beat their US counterpart. In the past 30 days they have dropped prices to at least match their US stores on over a thousand products. BestBuy.ca
November 16, 2007
Best Buy and FutureShop, Nationwide
Pricing changes due to the rising dollar are typically reflected in store in about 30 to 60 days depending mostly on the manufacturer. Ron Wilson, VP of merchandising notes that prices on many televisions have fallen significantly over the last 30 days. Canadian Press
October 23, 2007
BMW, Nationwide
Rebates to buyers paying cash or financing through non-BMW sources. On a 2007 model 3-series BMW, the rebate equates to a savings of about $3,000 for cash buyers. Globe and Mail
October 20, 2007
Canadian Tire, Sarnia Only
Owner Peter Ansley of the Canadian Tire store in Sarnia, Ontario will match prices with US retailers. At this time, it is the only Canadian Tire that is taking the pricematching approach. Canadian Press
October 26, 2007
Chrysler, Nationwide
At through November, Chrysler has announced increased cash incentives, lower lease rates, and lower financing charges across their line of vehicles. For example, the cash incentive has been increased by $4,250 on the 2007 Chrysler 300C and $1,250 on the 2008 Grand Caravan. Toronto Star
November 1, 2007
Collected Works, Ottawa
Independent book store offering customers the option to pay the listed US dollar price on books, at a loss, according to co-owner Christopher Smith. National Post
October 19, 2007
Ford, Nationwide
New $1,250 bonus incentive on most most Ford and Lincoln cars and trucks effective immediately during their "Get in and drive year-end clearance". With all incentives the 2007 Focus ZX5 is now $15,749, 2007 Ford Fusion is $18,749, and F-250 super duty truck is $24,499. Toronto Star
November 3, 2007
FutureShop, Nationwide
Similar to Best Buy, Future Shop has announced it has lowered prices on over 1,000 products in the last 30 days on categories including flat panel TVs, MP3 players, and game consoles. FutureShop.ca
November 16, 2007
GM, Nationwide
GM has reduced the GST by one percent effective immediately until the national cuts are in effect in January. In addition, a range of cash discounts were announced from $1,500 to $10,000 on select models. Toronto Star
November 9, 2007
HarperCollins Canada
HarperCollins has been repricing books for the Canadian market for the last two months. Sticker prices now range between 8% above US pricing to lower than US pricing depending on the title. Toronto Star
November 19, 2007
Indigo, Chapters, Coles
Indigo, Chapters, and Coles stores have launched a brand new Sticker Savings Event with 10% off every book in the store, 20% off if you're part of their irewards program. The promotion will run through the holiday season with and can be used in addition with other promotions. Online prices and promotions may differ from those found in-stores. Toronto Star
October 31, 2007
London Drugs, Western Canada
President Wayne Powell cites the rising Canadian dollar as the cause for lowering prices on an "ongoing basis" throughout the past year. Vancouver Sun
October 20, 2007
Mabel's Fables, Toronto
Mabel's Fables sells childrens books in Canadian dollars at $1 above the listed US price for paperbacks and $2 above the listed US price for hardcovers. Toronto Star
October 20, 2007
Mercedes, Nationwide
Offering rebates for cash buyers from $750 on the Mercedes B-Class to $7,500 on high-end AMG models. Globe and Mail
October 27, 2007
Penguin Group, Nationwide
Working to sell US books to Canadian retailers at close to par with a goal of bringing pricing within 1.1% of by January of 2008. Montreal Gazette
October 20, 2007
Porsche, Nationwide
Lowering prices on all 2008 models by an average of 8%. For example, the base price of a 2008 Boxster roadster is now $58,100, $5,500 less than the 2007 model and the Cayenne SUV is now $55,200, lower by $4,900 compared to the 2007 model. Canadian Press
September 25, 2007
Rexall, Nationwide
Rexall will now be selling books, magazines, and greeting cards at the US dollar price. Canadian Press
November 3, 2007
Sears, Nationwide
Lower prices with in-store signage highlighting price drops effective immediately on major appliances, home electronics, and mens' and womens' clothing. National Post
November 2, 2007
Sears, Nationwide
Additional price cuts including permanently reduced pricing on Lands' End shops, additional apparel price reductions, and US pricing on all greeting cards displaying both the Canadian and US price. CNW Group
November 9, 2007
Sears, Nationwide
Sears seems to be one of the more aggressive retailers lowering prices across the board. For the 3rd week in a row, they've announced pricing reductions, this time on many items from the Sears Wish Book. Click here to view some of examples. CNW Group
November 16, 2007
Silver Snail, Toronto & Ottawa
Silver Snail is a comic book store located on Queen St. West in Toronto. Accordingly to Manager George Zotti, Silver Snail has been charging the US price printed on comic books for three years after recognizing the inflated currency gap between the US and Canadian list prices. CBC News
October 24, 2007
Shoppers Drug Mart/Pharmaprix, Nationwide
Price reductions on all books and greeting cards throughout their stores. All greeting cards, softcover and hardcover books are now 25% off the listed Canadian price. For greeting cards, they will also issue and additional in-store redeemable coupon for an extra 50 cents off cards costing $1.50 or more. CNW Group
November 20, 2007
Sony, Nationwide
To go along with the recent Playstation 3 priced drops, Canadian prices have been brought to parity with their US counterparts. The 40GB Playstation 3 with Spider-man 3 Blu-ray DVD is now $399 and the 80GB Playstation 3 with Motorstorm is now $499. Canada.com
October 18, 2007
Volvo, Nationwide
Volvo is offering cash rebates of up to $5,000 on 2007 and 2008 model year S40, S60, S80, V50, XC90, C30 and C70 vehicles. Canada.com
November 1, 2007
Wal-Mart, Nationwide
Wal-Mart has been negotiating with supplies for more than a year to lower prices due to the rising dollar. New video game and DVD releases will be the first to achieve parity with popular video games like Halo 3 and Guitar Hero 3 already at par with US prices. Wal-Mart promises more price reductions throughout the holiday season. Globe and Mail
October 19, 2007
Wal-Mart, Nationwide
Effective November 1st, Wal-Mart is cutting prices to match US pricing on gift wrap, books, magazines, and greeting cards across stores nationwide. Toronto Star
November 1, 2007
Zellers, Nationwide
Zellers announced a 'Price Cut' program on a range of items throughout the store tied to the stronger dollar. 'Price Cut' signs in your local Zellers store will highlight products where pricing has been reduced due to the dollar. Price cuts at other HBC owned store (The Bay, Home Outfitters, Designer Depot) are being considered as well. HBC.com
October 19, 2007

Other retailers have yet to make formal announcements but have been lowering prices in recent weeks. Dell for example has lowered the prices on their XPS notebooks to match the US and we're sure that many more will follow. If you've heard of any other retailers or manufacturers lowering prices due to the rising Canadian dollar send in the details and we'll add it to the list.


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