With the loonie in decline, Dollarama may not be a dollar store for much longer. In a recent conference call, Larry Rossy, Dollarama’s CEO, said the weak Canadian dollar may force the Montreal-based company to raise prices. As of right now, Dollarama’s prices cap at $3 but they may be up to $4 by late next year.

“In general, we like to maintain our prices as long as we can, but this is really an exceptional time where the Canadian dollar has gone so poorly against the U.S. dollar and everything is bought in U.S. dollars. So to absorb 25 to 35 per cent (in currency swing) is almost impossible,” Rossy explained. He also told analysts he hopes to get more ‘clarity’ about the need for higher prices during a trip to China in October.

To keep prices at a minimum, the company may be forced to reduce the sizing of products. So what does this mean for us, the consumer? We will most likely pay the same prices, for less product, which is a huge bummer. Fortunately, Rossy said food would remain priced at a maximum of $2.

We can’t deny how much we love Dollarama, heck, we’d even say it’s one of our favourite places to shop! It will be sad to see the prices rise, but we can’t say we didn’t see this coming.

Are you sad that Dollarama may be raising their prices?

Want to see more posts like this? Get your fix of news, shopping tips, sales and event information on FacebookInstagram and Twitter. Sign up to be a StyleDemocracy Insider here.


  • I simply want to say I am just very new to blogging and site-building and absolutely enjoyed your web-site. More than likely I’m want to bookmark your site . You amazingly have fantastic articles and reviews. Thank you for sharing with us your blog.

  • I just want to mention I am very new to weblog and truly loved this blog. Probably I’m planning to bookmark your blog . You definitely come with tremendous well written articles. Cheers for sharing with us your web site.

  • I just want to mention I am all new to weblog and absolutely enjoyed your web page. Very likely I’m want to bookmark your site . You surely come with awesome stories. Many thanks for sharing with us your web site.

  • hey there and thank you for your information – I’ve definitely picked up something new from right here. I did however expertise a few technical points using this web site, since I experienced to reload the web site a lot of times previous to I could get it to load properly. I had been wondering if your hosting is OK? Not that I am complaining, but slow loading instances times will very frequently affect your placement in google and can damage your high quality score if advertising and marketing with Adwords. Anyway I am adding this RSS to my email and could look out for much more of your respective exciting content. Ensure that you update this again soon..

  • I’d like to find out more? I’d love to find out more details.|

  • The main reason why almost everything you have find out about video is almost certainly entirely wrong and what you should understand.

Scroll Up