The mighty Canadian Loonie continues its assault on the now-dinky American Dollar :
After sinking steadily for most of the year, the U.S. greenback hit a record low against the euro and declined against the yen yesterday. But nothing hits closer to home, literally, than seeing it fall to a 31-year low against the Canadian loonie, so nicknamed for the bird pictured on its coin. The dollar’s slide is affecting every corner of American life, from corporate earnings to vacation plans. But more disturbingly, it also has the potential to punish the very mortgage holders that the Federal Reserve intended to help with its aggressive interest rate cut last week.
While we don’t understand this kind of money talk, Don MacPherson has more on how this affects outtmost favorite people…COMIC BOOK PEOPLE.:
Eye on Comics inquired with major U.S. publishers about the discrepancy. Image Comics executive director Eric Stephenson said the company is aware of the issue.
“We’ve been reviewing pricing on a quarterly basis, but I think we’re going to address this fairly shortly,” he said.
A Marvel spokesperson issued a similar statement.
“We’re working on adjustments now that should take effect in a few weeks,” said Marvel sales co-ordinator Arune Singh. Exactly what kind of pricing change might arise on the covers of Marvel and Image titles was not made clear.
A DC spokesman declined to comment, stating the company didn’t want to issue a statement regarding pricing at this time. Each spokesperson was asked how a Canadian price is determined, but none offered a response on that issue.
Much more in the link, including how it affects Canadian creators. We canonly say that the Canadians have once again shown themselves to be the most sensible people on earth by heartily embracing the one dollar coin, even though it has a picture of a bird with a name synonymous with insanity on it. That is practical!