chart from oanda.com PhotoPrice wrote in post #17829518
I'll jump in here and say that I fully expect a Canon price increase in Canada in the new year, if the Canadian dollar stays where it is relative to the US dollar. I'm actually surprised one hasn't happened already.
I think I qualify as someone with market awareness.
Yen buys more Canadian dollars than it does a year ago, a change of 17.5% based on today's rates vs. last year, so if Canon Japan prices in Yen for Canon iDx remain fixed at 500K yen, for example, the price should return more Canadian dollars to Japan. If the Canada MSRP were simply floated against the Yen, columnE in the chart (at the end of this post) shows what the Canadaian MSRP should have been at Xmas of each year.
Compared to two years ago, The CAD is 12% different, but compared to three years ago, the CAD is only very slightly different -- 2% in the other
direction -- from its value against the Yen at Christmas time 2012. So one question is, when was the last time Canon Canada had a price adjustment (vs. the Yen) and also, what has it done since then?
The situation in USA has changed much more dramatically, compared to Canada over the past three years , so I would say it is more likely for Canon USA to make a currency based pricing change than the likelihood for Canon Canada to do so as well -- but that really depends upon when the last product pricing adjustment was made! And again, that also depends upon what happened in Japan to the cost of raw materials, finished components, and labor in Japan to make the cameras.
Here is what happened over the past 5 years.chart from oanda.com
But if we assume instead, that Canon Canada set 1Dx prices in Canada for CA$8400 st launch and later adjust the CAD MSRP for the exchange rate, the chart shows the number of Yen returned to Japan for each camera sold (assuming every 1Dx sold to a consumer had local costs subtracted for duty as well as COGS), columnF shows how much money was returned to Japan based upon floating currency and a floating price.
(Note that Canada MSRP is not simply a conversion of Japan MSRP, but also includes Canadian price offsets due to import duties, etc.)