The Affects of the Declining Canadian Dollar

April 5, 2016 by rondex

Over the past couple of months we have witnessed the continual decline of the Canadian dollar and to start the New Year it has fallen below 70 cents U.S., the first time since 2003.

This is significant to our business because many imported goods will see an increase in consumer prices as inflation continues to rise. In addition to the Canadian dollar taking a dip the barrels of crude oil and gas are also declining which all factor into the price increases we will begin to see throughout the Canadian economy.

This is significantly impacting our operations across Canada and we are forced to implement price increases on our U.S. product lines to reflect the current exchange rate.

We will continue to offer these products at a competitive price, and we hope this will not affect the great relationships we have established over the past 40 years of business.

As a leading supplier of automotive paint and accessories we look forward to helping you with all your Auto Body needs.  Contact us today or visit the location nearest you!

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