Dollarama Impacted by the falling loonie

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    Profile photo of Jelani Smith
    Jelani Smith
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    Dollarama says Loonie causing price creep. The Canadian Dollar has lost 18% of it’s value over the past year, mainly due to decreasing oil prices, and interest rate cuts. This is impacting many companies, such as Dollarama.

    The weakening Loonie makes import prices more expensive, thus forcing some companies to raise prices. However, a weaker Loonie may benefit exports as Canadian goods/services become relatively cheaper.

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