Campus Bookstores Call for Federal Regulatory Change to Reduce Book Prices - Strong Canadian Dollar Highlights Price Issue



    OTTAWA, Nov. 27 /CNW Telbec/ - Today, Campus Stores Canada, the national
face of the Canadian Campus Retail Industry, launched a campaign to change a
federal regulation which would drastically reduce book prices for consumers
and students.
    In the wake of the strong Canadian dollar, consumers have been especially
critical of the existing disparity between Canadian and American cover prices
on books. Campus Stores Canada believes that some of this disparity can be
eliminated if current regulations are reviewed and updated.
    "The way the regulations are currently set up, exclusive distributors
have the right to tack on an additional 10 or 15 per cent of pure profit to
their products," said Chris Tabor, Campus Stores Canada spokesperson and
Manager of Queen's University Bookstore. "And this profit comes directly out
of the pockets of Canadian students."
    The Copyright Act allows publishers to establish import monopolies on the
works of artists from around the world. These regulations stipulate that an
importer can charge a bookseller the price of the book in the country of
origin (the U.S or the U.K), adjusted for the difference in the exchange rates
between the two countries, plus an additional 10 or 15 per cent depending on
the country of origin.
    Seeing the effect that these inflated prices have had on students and all
other Canadian consumers at a time when Canadians should be advantaged by
their increased purchasing power, Campus Stores Canada has decided to pressure
the Government into reviewing its regulations.
    "This regulation is anti-competitive and only serves as a private tariff
on reading," said Tabor.
    "Why should Canadian students have to pay significantly more for their
books than their peers in the United States?"

    Campus Stores Canada's mission is to provide a unified voice and deliver
quality education and services to Canadian post-secondary, institutionally
owned and operated Campus stores, enabling them to serve their institutions in
the most effective manner. Campus Stores Canada presently represents
approximately 100 member stores nationwide with over 150 associates (vendors
and suppliers). Store membership is restricted to post secondary
institution-owned stores.




For further information:

For further information: Alana Fontaine, (613) 233-8906,
Alana@impactcanada.com

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Campus Stores Canada

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