Actually, the main reason reimporting drugs from Canada is no longer attractive is because of the changes in the exchange rate between the US Dollar and the Canadian Looney.

Ten years ago, in August of 1998, the Canadian dollar was worth $0.66 American. It was dropping, and finally reached dead bottom in January of 2002 at $0.62 – an all-time historic low. That is when the politicians noticed how cheap drugs seemed to be in Canada.

Since then the Canadian currency has been on a steady and steep climb upwards, reaching $1.09 in November of 2007. That means the cost of things sold in Canada, including prescription drugs, cost 76% more in 2007 than they did in 2002 for people paying with American dollars.

• posted by Greg Scandlen
• September 27, 2008 @ 11:27 am
• Permalink

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