In a heated debate a few years ago, Rob Lee defended the company's
charging of much higher prices to Canadians due to unforseen shifts in
CDN-US exchange rates.

He said:

"We can either float prices daily and make the exchange rate work
exactly -
or fix prices and tolerate exchange differences, until we can correct
them -
which for us, is annually."

"Thanks for the clear and correct explanation - yes - we set our rates
in
June, and hold for a year"

I guess they hold the prices for a year if the exchange rate movements
are favourable to Lee Valley. They have announced increases for
Canadian customers starting Jan 5 to offset the weaker Canadian
dollar. Too bad they didn't lower prices when the Canadian dollar went
up. Heads they win, tails you lose.

John