Have you had your eye on something made in the USA lately? The best time to buy an American product from us is now!
You might think that the lower prices you're seeing at the pump might translate into lower prices for petroleum by-products (like plastic kayaks). The truth is a lot more complicated, so bear with me as we dive into the intricacies of retail pricing policy which might not be as transparent as it should be.
In the 1990s and early 2000s, when the Canadian Dollar was consistently below par, there was a bit of a heyday for Canadian boat manufacturers, but all that changed when we hit par by 2007. At first this meant a lot of cross-border shopping and complaints about the continued inequality of pricing for Canadian retail. Canadian manufacturers found it difficult to lower their prices to compete with the US while their costs stayed the same. Canadian retail pricing slowly caught up with our neighbours to the South, but this came at the expense of a lot of Canadian manufacturers since we imported more and more of our stock from the US to meet the lower price demand. Too many of our cherished Canadian manufacturers ended up getting bought out by US companies, moving their facilities overseas or going out of business all together. As a consumer you might have seen overall lower prices, but you might not see the true impact of this saga in the long run.
Now the tables have turned again, and the Dollar is slipping back to pre-recession levels (0.88 USD at the time of this post), so what does this mean for you if you're looking at buying a boat in 2014/2015? Expect to see an increase in Canadian pricing for American products. While The Complete Paddler has been able to secure lower pricing for our current stock and some of the inventory for the upcoming season, some US manufacturers' pricing will increase even more drastically as the Canadian Dollar declines.
But don't worry, there is an upside to all of this! Here at The Complete Paddler, we're really hopeful that more and more Canadian manufacturers will come back to life and give us some more home grown options for canoes and kayaks. We're very happy to see that this has already happened with Scott Canoes, Impex kayaks and Blue Water Canoes this week!! We look forward to bringing in more and more of these Canadian boats and accessories that will be priced competitively with their American counterparts so that we can have a broader selection and a stronger Canadian industry as a result. Check out our Sale page for some great deals!
The Complete Paddler