As the Canadian loonie continues to tumble some businesses said they have been forced to raise their costs.
Sunday, consumers at the Home and Remodeling Show said they were looking to buy local products to save money.
Richard Langlois and Elaine Beauregard were searching for items for their kitchen renovation.
“We’re looking to support Canadian Entrepreneurs so the American loonie doesn’t affect our bottom line,” said Beauregard.
Diane Livshists, the president of Krumpers Solar Blinds, said they were forced to raise their prices due to the falling loonie.
“We buy the natural commodities such as aluminum and nanographite on the commodities exchange and so our prices, unfortunately, had to reflect the drop in the Canadian dollar and we did increase our prices by almost 15 per cent,” she said.
Sean Holtom, from Top Hat Home Comfort, said the falling loonie pushed him to buy his products this side of the border.
“We’re starting to move back to buying Canadian products and selling that,” said Holtom. “We have two major manufacturers in Vancouver and you know, we’ve been selling their products for the last 20 years and now we’re just selling more of it.”
On Friday the loonie dropped to 70 cents US.
