[LINK] "Dollarama earnings show most sales now priced at $1.25 and up"

[rfmcdonald]

CBC News' Pete Evans describes the rising prices of Dollarama, connecting to the deteriorating strength of the Canadian dollar.

Almost 60 per cent of everything sold at Dollarama last quarter was priced at $1.25 and up, and the retail chain says it will use that — and not the loonie — as a reference point from now on.

The Montreal-based discount chain said its sales rose 13 per cent last quarter to $664.5 million.

Profit came in at just over $100 million, but the chain said the positive financial result belies the impact of the weak Canadian dollar, making it tougher to do business on razor-thin margins.