From Metro (Calgary):
According to Tom Hickerson, vice-provost of libraries and cultural resources, about 80 per cent of the University of Calgary’s annual library budget is spent in US dollars. He said the school has lost about 22 per cent of their purchasing capacity. So, every time the dollar shifts by a penny, $100,000 dollars in academic journal funds is lost.
“This has been a terrible situation for research libraries for a long time, but now we have the Canadian dollar losing its value,” said Hickerson. “I look every morning, it’s like looking into the face of doom.”
Hickerson pointed out that the U of C isn’t alone. Most universities are having trouble with the academic subscriptions, which have been going up in price about six per cent annually.
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Elsewhere in Canada