Canadian PlayStation Store to cut prices

Things are looking up for Canadian gamers. Early last year, retailers in the country were jacking up prices on PlayStation 3 hardware to adjust for a weaker Canadian dollar. Since that time, the Canadian dollar has pulled virtually even with its American counterpart. The 40GB PS3 now sells for the same $399.99 on both sides of the border, and today Sony announced that it is adjusting prices on its downloadable-game store as well.

Citing the stronger Canadian dollar as the reason for the adjustments, Sony Computer Entertainment America said that the changes will be phased in before tomorrow's weekly PlayStation Store content update. PlayStation Store senior manager Grace Chen said in a statement that the company expects the new prices "will meet the expectations of our Canadian consumers."

[UPDATE]: A Sony representative confirmed for GameSpot that Canadian prices for all content available on the PlayStation Store will be lowered to match prices in the US store.