Vancouver (BC) - The last couple years aside, most Americans would probably only remember a Canadian dollar that was less valuable than the American dollar, sometimes even comically so.  Recently, though, the tables have turned and Canada's currency was at one point more valuable globally than that of the US.

As a result, Sony Computer Entertainment America has decided to adjust the prices of content on the Playstation 3 online store to reflect the new price discrepancy.

"It’s been one of the most frequent requests made during every store update in the past year: Many of you have been asking us to bring Canadian pricing more into line with the exchange rate," wrote SCEA marketing manager Grace Chen in a post on the official Playstation Blog.

All content on the Canadian version of the store now carries the same price as the US version.  There will not be any retroactive refunds for Canadians who paid a higher price.

She continued, "We will be adjusting prices for downloadable content available through the Playstation Store for the Canadian market as a result of the strengthening Canadian currency vs. the US dollar."

The exchange rate as of the afternoon of May 1 was around CAD$1.02 for every US dollar, making the stateside currency slightly more valuable.  Just earlier this decade, though, a Canadian dollar was worth less than 75 cents in the United States, and last year the Canadian dollar was actually worth more than a US dollar.

However, the Canadian price for downloadable content was usually 50% more than the US price.  

Users who have posted comments on the Playstation Blog from other countries wish Sony would take this on a global perspective.  UK gamers are paying around £7 ($14) for games that cost $10 in the US.

Hurray for Sony

May 02, 2008 09:07     

Hurray for Sony. The Canadian dollar reached parity with the U.S. dollar over six months ago. Only six months to adjust prices in an on-line market place... Wooo!
Rufus report abuse vote down vote up Votes: +0

have you heard of sticky prices?...

May 05, 2008 03:01     

have you heard of sticky prices?
Sam report abuse vote down vote up Votes: +0