Results: Dollarama blames plunging loonie for higher price point

Dollarama says the weaker Canadian dollar is forcing it to raise prices and could lead the discount retailer to increase its current price threshold from $3 to as much as $4 by late next year. “The probability is in the third and fourth quarter of next year, we’ll have to move our price points up,” CEO Larry Rossy said Thursday during a conference call about its latest results, which beat analyst expectations.