Wednesday, September 19, 2007

Eye-Popping Exchange Rate

Most of my sales go to the USA, and even my Canadian and international buyers tend to pay in US dollars. In the past, that has been really great.

Not so long ago, for $1000 US I would get around $1600 Canadian. So it was a real sweet deal.

Yesterday for the very first time, I got less in Canadian dollars than I exchanged. Oh, how I miss the good ol' days! Combine that blow with the 300% plus increase in copper prices, and it looks like before long I will yet again have to raise my prices. Either that, or stop eating. Ouch.

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