Home > Uncategorized > Canadian Dollar Hits 18-Month Low

Canadian Dollar Hits 18-Month Low

In an industry which requires Canadian booksellers to take an interest in the daily currency trading of the Canadian dollar, retailers and distributors here faced a dollar which was trading in 95-cent territory as of Friday’s close, representing an 18-month low.

Literary agents demand that authors receive royalties which treat Canada and the U.S. as a single market, but Christian retailers are denied both the discounts and promotional pricing (i.e. supersaver pricing) offered to their U.S. counterparts. It’s a one-sided arrangement by publishers whereby Canada is a foreign territory where it suits their purposes, but a 51st State where it suits other purposes.

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