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Forums - Sony Discussion - Canadian PS4 now 450$ ??

MoHasanie said:
North America needs a single currency. Canada and the US are both each others largest trading partners so it makes sense to do so. Also Mexico is USA's third largest trade partner. This can eliminate the problems caused by currency fluctuations.


It would costs throngs for the USA to keep the price of the dolar having Mexico (wich si a much poorer country) using the same currency. Europe took years and years of negotiations and preparations to manage to implement the Euro.



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Hmm its to be expected but lets have our finance majors weigh in. Is it weird for Sony's financial manager to not have a hedge for this adverse shift in the CAD.



Krusnik said:
Hmm its to be expected but lets have our finance majors weigh in. Is it weird for Sony's financial manager to not have a hedge for this adverse shift in the CAD.

The US dollar is getting stronger as well, so we could see more price rises in other countries. 



    

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Krusnik said:
Hmm its to be expected but lets have our finance majors weigh in. Is it weird for Sony's financial manager to not have a hedge for this adverse shift in the CAD.


There was a big drop in the last two months, so I don't know if anyone expected it (from 1 CAD = 99 JPY or 0.94 USD at the end of December, to 1 CAD = 92 JPY or 0.90 USD now).



DM235 said:
Krusnik said:
Hmm its to be expected but lets have our finance majors weigh in. Is it weird for Sony's financial manager to not have a hedge for this adverse shift in the CAD.


There was a big drop in the last two months, so I don't know if anyone expected it (from 1 CAD = 99 JPY or 0.94 USD at the end of December, to 1 CAD = 92 JPY or 0.90 USD now).

It is predicted to fall even more to 1 CAD = 0.85 USD 



    

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MoHasanie said:
Zelhawks37 said:
MoHasanie said:
Zelhawks37 said:
No excuse here. This is a stupid decision by Sony. Raising the price of a console is unheard of.

The poor company is struggling to survive. They need to do everything they can to make money. Besides, selling the PS4 at the old price might have been losing them money. 

That won't help at all since it is a higher currency than everywhere else. If anything, it hurts Sony.

What do you mean by "its a higher currency than everywhere else"? Do you mean its a higher price? 

Ya oops my bad. Higher price doesn't always guarantee better sales.

Agreed on Microsoft btw. If they did this, the forums would go insane.



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Zelhawks37 said:
MoHasanie said:
Zelhawks37 said:
MoHasanie said:
Zelhawks37 said:
No excuse here. This is a stupid decision by Sony. Raising the price of a console is unheard of.

The poor company is struggling to survive. They need to do everything they can to make money. Besides, selling the PS4 at the old price might have been losing them money. 

That won't help at all since it is a higher currency than everywhere else. If anything, it hurts Sony.

What do you mean by "its a higher currency than everywhere else"? Do you mean its a higher price? 

Ya oops my bad. Higher price doesn't always guarantee better sales.

Agreed on Microsoft btw. If they did this, the forums would go insane.

True I think they would go insane, but PS4 is the more powerful system, and MS is the one that tried to bend people over and f*** them with the pre 180 policies.  While there is some going around, I don't think it is as much "cutting Sony slack" as literal circumstance.  Raising price definitely is bad iedea on the whole though...



Wighead said:
Mr Khan said:
Akiran said:
Mr Khan said:
That's interesting. Why the decline in the CAD?

The Bank of Canada decided to drop the dollar by 10 cents to keep its key interest rate steady, yet try to lower inflation. Thats what I see from articles I look up
http://www.ctvnews.ca/business/canadian-dollar-drops-half-a-cent-after-bank-of-canada-rate-decision-1.1648644

Good on them to not try to strangle growth with a higher interest rate, though i fail to see where inflation is a problem anywhere in the West right now.

People are still having a hard time paying their bill on time, so inflation would be really really bad in that situation since it would mean more people filing for bankruptcy.

No, inflation would be good. Inflation is good for debtors and bad for creditors (although sticky wages for low-end workers means inflation is usually moot unless the government is more responsive on the minimum wage).  If i bought a house in 1984 on a 30-year-mortgage for 45,000, that is *much* easier to pay off in the last 5 years than it was in the first, and that benefit is all mine and to the detriment of the bank, as the money they're getting today carries a good deal less weight than money they got in the late 80s, but the bank can't just go "we want that back in "real" dollars."

Deflation is what's bad for debtors, when prices drop and wages summarily drop, and dollars become heavier, because suddenly your debt is worth more, not less.

Fighting inflation in a down market is a foolish pursuit, like the nutters in European Parliaments and US Congress who keep shouting for austerity thinking that Zimbabwe is just around the corner, when what the market needs most right now is inflationary pressure, more money down in the lower strata of the economy (unlike QE that pumps it at the top, where it just chases the next wall street bubble) stimulating actual economic activity.



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DD_Bwest said:
Im curious, how many others are actually canadian and how do you feel, and your friends feel about this?

When i heard about it i instantly thought "oh great thats our dollar again for you" and all my friends thought the same, i dont know person who blames sony


I live in Montreal and I know some people who thought 399$ was already too expensive but now that it's 50$ more they'll take their time to see what both MS and Sony have to offer this fall. I wasn't going to get a PS4 anytime soon but this hike solidifies my interrest for an X1. Will wait until PS4 is cheaper than 400$ and gets more games before thinking about buying one.



DD_Bwest said:
Im curious, how many others are actually canadian and how do you feel, and your friends feel about this?

When i heard about it i instantly thought "oh great thats our dollar again for you" and all my friends thought the same, i dont know person who blames sony


Those were my thoughts too.