Canadian Dollar lowering again, prices changing.

Freedom Ventures

Freedom Ventures

Freedom Ventures - CGN Sponsor
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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.
 
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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.
 
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It is this type of activity that builds a great reputation :)

Freedom Ventures said:
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.
Click to expand...
 
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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!!
 
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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.
 
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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…

cdndoll.jpg


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.
 
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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.
 
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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?
 
kokanee king said:
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?
Click to expand...

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
 
The CAD is linked to commodity pricing and this should come back to 1 CAD=.88 USD(someday). Meanwhile, importers are faced with substantially reduced buying power.
 
Canadian economy is commodity/resource based. Directly linked to US economy. Traders think that the Canadian economy($) will actually fare worse than the US. I believe these people will be proven wrong. Remember these are the same 'million $ minds' responsible for the crash of the US banking system and hence the downturn in world economic outlook. All caused by creative financing which drove the US real estate market to an unsustainable high. Now these 'million $ minds' are investing in US currency. Doesn't make any sense to me but anyway that's the way it is. Financial and commodity markets have become detached from the real world. The entire world's economies are unstable and so money managers send $ to where they think it will be the safest. The US. Who caused the crisis???
Anything imported is going to get expensive in a hurry. Mark
 
There's no fundamental reason that commodities, or the Canadian dollar, should go down in value so much, so quickly. It's all been caused by the banking crises and the instability of the US economy.

The US banks that are desperate for cash have been forced to liquidate their commodity holdings to get some cash out. In addition, the stock market crash is causing an increase in demand for US dollars. So there's a temporary distortion in the markets.

Very soon the fact that the US economy is going bankrupt because of their humongous budget and current account deficits will reassert itself and therefore the previous slide in the value of the US dollar will start once again.

Therefore I think that the Canadian dollar will rise again very rapidly within a matter of months, if not weeks.
 
K-2 said:
Therefore I think that the Canadian dollar will rise again very rapidly within a matter of months, if not weeks.
Click to expand...
We're hoping the same and therefore trying really hard to make the new pricing system dynamic enough to be able to change to match when it returns.
 
Without a run up of commodity prices I wouldn't hold out much hope for a higher $CDN. The former is not likely in the near term. The latter does not play well for Canadian manufacturing. There is also little reason to increase interest rates here, a major factor in the currency value equation.

Take Care

Bob
ps Hope I am wrong but....
 
Ok, here's the way it's going to work for now... I'll be posting a price list on the web & mailing to dealers in the next day or so. It's the same as we had since Aug 18 when the dollar first started sliding. When you call to order, if it's not in stock, you'll get a quote that is 10% higher. If it is in stock, you'll get posted price. When your order comes in, we'll either charge you the quoted price or less (because our quotes are going to be safe...) as we're going to assess incoming inventory as it arrives :D

We're well stocked now on STI, Bushmaster and Desert Eagles from late September / Early October shipments.
Get 'em soon before we run out of 'em at this price.
 
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