So, today I read an article on the CBC about the surging Loonie. It’s now worth $1.05!
This is incredible, as growing up Canadian meant our dollar was always worth much less than the American Greenback. And even as recently as 2007 I was earning $1.25 CAD on every $1.00 USD when I transferred it from Paypal into my bank account. Those days are long gone and gone with them is the ability to price items for sale similarly to what my American friends and artists are pricing their items at.
Supplies and shipping costs are more expensive in Canada than what they are in the USA. And with the shipping and duty charges ordering supplies from the USA in the smaller amounts that I need, isn’t worth it at times. I do try to support both Canadian and US based businesses as possible when purchasing supplies and do scour the internet to be able to do so without decreasing the quality of my items. In fact, from whence I opened my shop in late 2007 to now I’ve actually increased substantially the quality of both the materials and packaging used on all the products I produce. That is what creates value. Continue reading