Nov
13
Good news, neighbors to the North, Penguin will be selling books in Canada at US price points starting in 2008.
A couple of weeks ago, there was an article about Canadians becoming increasingly 
unhappy with the price disparity on books, with the Canadian retail price being significantly higher than the US retail price even though the Canadian dollar was equal to or, on some days, higher than the US dollar.
Canadian booksellers would not discount the books because it would mean a loss for them. In response, Penguin Canada will sell all its US originated books at the US price point.
US publishers have commonly marked the retail price of a book 40-50% higher for the Canadian purchasers. Part of this was due to the formerly high value of the US dollar against the Canadian dollar, but part was also due to the higher distribution costs. The Canadian bookstores can’t discount because if they do, they’ll take a loss on it. 
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