Dollarama looks at price cap hike

MONTREAL — Dollarama will likely have to increase its maximum price from $3 to $4 in order to contend with the weaker loonie, CEO Larry Rossy revealed this week. The discount retailer has seen import costs rise and Rossy acknowledged the “probability” that it will add items for $3.50 and $4 beginning in the second half the next fiscal year. Other inventory strategies could involve fewer units in a package while focusing on quality: “200 very good toothpicks” instead of 500, for example.  At the same time, the company will not venture into new product categories: food items will remain capped at $2. Dollarama has announced changes to leadership: while Rossy will remain active as the company’s executive chairman, his son Neil, currently merchandising chief, will take over as CEO.