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…
The Foreign Exchange (FX) Service provides CRKN members with additional certainty for the administration of their collections budgets. Through the FX Service, CRKN offers two options, bidding and USD billing, on selected license products to help members minimize the impact of foreign exchange fluctuation.
Under a Board approved initiative to provide additional targeted services to members and raise incremental revenues in a manner consistent with CRKN's strategic plan, CRKN has offered members the opportunity to participate in foreign exchange projects in each of the past four years. These projects are intended to give members additional…