January 19, 2016 8:49 am
Updated: January 19, 2016 1:46 pm

Canadians to pay more for Apple apps thanks to falling loonie

WATCH: Prices for Apple apps, games and in-app purchases will increase within the next 72 hours.


Sure, gas prices may be lower; but you can now thank the falling loonie for an increase in your iTunes bill. For the second year in a row, Apple is hiking prices in the Canadian App Store to account for foreign exchange rates.

According to an email sent to software developers Monday, prices for apps, games and in-app purchases will increase in Canada, Israel, Mexico, New Zealand, Russia, Singapore and South Africa.

The change will take affect within the next 72 hours.

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According to the document, two new low-price tiers will be available to developers for the Canadian App Store; however, Apple has not confirmed what those price tiers will be.

However, according to a report from The Next Web, apps will now start at $1.39 for Canadian users, up from $1.19. The report claims higher-priced apps will see the most impact – apps formerly priced at $50.00 will go up to $69.99.

An Apple spokesperson declined to comment.

This isn’t the first time Apple has raised prices due to the falling loonie. In Jan. 2015 Canadian’s said goodbye to $0.99 apps after the tech giant was forced to increase app prices to account for adjustments in value-added tax (VAT) and foreign exchange rates.

Developers set the price of their own apps by choosing a price tier – CAD$1.39 being the lowest, CAD$999.99 being the highest. The developer can change that price tier at any time.

A word to the wise – if you have your eye on a few paid apps, you might want to buy them now before the price goes up.

© 2016 Shaw Media

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