Canadian Dollar lowering again, prices changing.

[Freedom Ventures]

Well, here's a question that I've been asked recently...

The Canadian Dollar is getting better vs. the US Dollar - are you going to lower prices?

The answer is yes - and no...

You see, I have some inventory that has been here since the start of last year. I paid US dollars for it then, so I usually have to clear out that inventory first. (The price we pay for having inventor ready to buy)

So...we've done some clearing and I can announce the following...

Effective June 1, we're dropping STI prices to both dealers and retail

Bushmaster and Mossberg have only recently arrived / been ordered and are priced to match the new strong dollar.

[Canuck44]

Outstanding gun.

Take Care

Bob

[Freedom Ventures]

Effective TODAY -

On all STI Guns:

Sale to reflect dollar at $1.07 US.

While we still have STI guns in stock that we've paid as much as 1.18 exchange rate on, we've decided that Canadians should still see a decent price break.

Sean.

[Abman]

It is this type of activity that builds a great reputation

Effective TODAY -

On all STI Guns:

Sale to reflect dollar at $1.07 US.

While we still have STI guns in stock that we've paid as much as 1.18 exchange rate on, we've decided that Canadians should still see a decent price break.

This means that the new SRP on an Edge is $1894, and a Spartan is $715.50 as an example.

Sean.

[maurice]

If anyone reading this has thought about getting an STI, this is the time. Common sense. I think my STI Edge is one of my favorite pieces,....very well put together. 10% off of a $2100 handgun =$210 off!!

[Freedom Ventures]

I deleted all the discussion regarding Euros and Lira and cdn dollars;
While I appreciate the issues (and react accordingly), this thread is about a
Sale to reflect dollar at $1.07 US.
due to the US dollar and I felt that message was getting clouded by the other discussion.

[Freedom Ventures]

You may or may not be aware that the US Dollar has gained significant strength on the Canadian Dollar over the last two months.

A picture is worth a thousand words, so please have a look at this…



Despite hanging on through a couple of major shipments last month, we reluctantly must raise our prices to match the current trend with the Canadian dollar.

Please note that when the Canadian Dollar surged higher to match the US dollar last year, we were one of the first companies to lower our prices.

Rest assured that should the Canadian Dollar rebound, we will again follow suit with our prices.

And to answer Assyrian's question: I, nor any business is going to go into deep detail as to how we run our businesses on a public internet forum. Short answer, though: What inventory was purchased when the dollar was high, has been sold. There's a little left and that's slow movers that will probably go on sale later, despite the overhead incurred in sitting on inventory. What inventory we purchased in the last month and sold at previous lower rates, we took a loss on. I'm not making a fortune off this business - it all balances out.

[Freedom Ventures]

As I write this; the Canadian Dollar is at a 3 year low, having lost as much as 20% of it's value since summer. (We're now sub 80 cents US, and the Euro is kicking the crap out of us too.)

Due to this, I have taken our price listing offline and can only ask that people contact us for pricing while we weather out the currency roller coaster.

New pricing should be published next week.

[kokanee king]

Kinda interesting how the CDN dollar is getting weaker on the US market the same time as the import fees have increased 1000%. We were better off BEFORE the US Congress approved the $700billion bailout for G Bush.

or am I just looking at this latest CDN dollar decrease in an odd way?

[Morpheus32]

Kinda interesting how the CDN dollar is getting weaker on the US market the same time as the import fees have increased 1000%. We were better off BEFORE the US Congress approved the $700billion bailout for G Bush.

or am I just looking at this latest CDN dollar decrease in an odd way?

Your looking at it in an odd way....none of the effects you are mentioning are directly linked. The decison to increase export fees happened months ago. The bailout was not for G Bush..... so yes, your looking at it in an odd way