Many sellers are claiming that the dropping Canadian dollar is requiring a rise in prices. They can do this during the hunting season but demand is determined by price and not by cost to the supplier. Suppliers can expect to sell many less this year at the new prices. Prices should be set where the supplier's marginal revenue is equal to marginal cost ie where the last dollar of profit is made. They must be shaking in their boots. With higher prices, falling dollar, stock market crash, tightened credit rules, and the oil and automotive industries hurting we may see a few go under.
The Canuck buck and prices
- Thread starter mackillan
- Start date
Yeah everybody afraid of the stock market, sold their shares and bought USD, that's why it's so high right now. The demand for liquid USD is too high because it is the "currency of the world". I'm guessing soon we'll see the USD take a dump as investors fear the US is in bigger trouble than it is now. IMO the credit crunch is just the tip of the iceberg.
Just an example, if China decides to sell their US Treasury bills, US will flat out die (ie: it doesn't have the money).
We're still alright though, since Canada is ressource heavy.
Not all Canadian gun distributors get their guns from the U.S. so while it will affect some, I suspect it's just an excuse with others!
BlackWatch
CGN Ultra frequent flyer
Yes, but the US will take the world down with it. The Americans will not fade into the pages of history without a fight. A world war will happen before they are done as a super power.
Luckily, the Chinese need the US econmoy to sell their cheap plastic crap to. If the US economy dies so does the Chinese and the world.
BlackWatch
CGN Ultra frequent flyer
With my recent experience trying to buy a Rem 700 I found that there were a lot of dealers who still had old stock and they weren't putting up the price. Dante Sports in Montreal had 700's in stock yesterday for $597 but today they put everything up 10%. Cabelas has been selling their old stock at the old price and only putting things up as they have to replace them.
Unfortunately we live in a competitive world & a some retaillers in order to compete earlier against cross border shopping trimmed their margins so to some people the 20% change was their margin & unfortunately no matter the country of origin they still buy their product in greenbacks I buy some Canadian made product in US dollars but I do think that the us dollar will take a huge dump in the near future
Regards Tony
Regards Tony
That is a good point.
I'm sure there is something else that will crumble in due time.
leveractionjunkie
CGN frequent flyer
- Location
- Kamloops, BC
Mystic Precision
CGN Ultra frequent flyer
- Location
- Summerland, BC
We tried. The US #####ed. We stopped. China went to S.America.
Who knows we may do it still.
Jerry
Who knows we may do it still.
Jerry
