Question to GT. So if and when will GT be raising its price points for its products? The CDN dollar is at a 12 year high against the US dollar as the latter collapses against the CDN dollar and some other currencies like the Euro. The CDN dollar now buys over 82 cents US, where about two years ago it bought between 62 and 63 cents when it was at its all time low - up nearly 32 percent in the last two years. This has got to be cutting into your bottom line. I raised my price points about 25 percent earlier this year to account for the rise in the CDN dollar. Economists are saying that the CDN dollar could hit 85 cents in the next 6 to 12 months - but it looks like it may be sooner than later. And some say it may reach the 90's or even par with the US dollar within the next five years or so.
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Cheers,
Dan
Founder and CEO
LionsGate Creative
GoodPassRobot
Magelln
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Cheers,
Dan
Founder and CEO
LionsGate Creative
GoodPassRobot
Magelln