TORONTO, Ont. – If you’re one of the many Ontarians who enjoy drinking wine, the strong Canadian dollar may be benefiting you in more ways than you know.
In the past few months, the average cost of 15 to 20 per cent of the LCBO’s high-end vintage wines has dropped, and more price reductions may be coming soon.
The price reductions mostly affect internationally imported wines and Champagnes from such places as the United States and Europe, and depend on both the supplier and when the products were shipped.
A spokesperson from the LCBO told 680News as the Canadian dollar increases, and the cost to buy from suppliers drops, the savings are passed on to the consumers.
If the Canadian dollar continues to rise and remain strong, more pride reductions may be coming in the near future, but it is hard to predict at this time.
Whether the price reductions will ever come to beer products imported from abroad is still up in the air, but seems unlikely.