CRKN is pleased to offer this quarterly financial update to members providing information on CRKN's foreign exchange project, invoicing results to date, and information on various administrative topics including CRKN’s anticipated invoicing schedule and membership fees for 2017-18.
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CRKN is pleased to offer this quarterly financial update to members providing information on CRKN's annual report, the foreign exchange project, customized member reporting and information on various administrative topics including CRKN’s anticipated invoicing schedule.
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CRKN is pleased to offer this quarterly financial update to members providing information on the CRKN's financial results for FY2015-16, membership fees, foreign exchange project invoicing, changes to HST rates, a potential Canada Post labour dispute, and on various administrative topics including CRKN’s anticipated invoicing schedule.
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Today, CRKN begins conversations with its membership regarding the effect of the recent weakening of the Canadian dollar. A recent analysis of the current economic environment undertaken by CRKN shows that approximately 60% of Canadian university library acquisition budgets are exposed to US dollar foreign exchange risk. The impact of what is expected to be a continued downward spiral of the Canadian dollar is compounding and exacerbating an already difficult funding environment for Canadian academic libraries.