Nope.
It was stated that the chain would match dollar for dollar any lower advertised price. I assume that to be Canadian prices only.
And as I already said.....even when the dollar was at/near par the prices were still going up.
A reasonable person would correctly presume that an exchange rate would still factor since as I pointed out a CAD dollar is not a US dollar. Dollar-for-dollar *only* works if you calculate the exchange.
As for your Ibanez example Ibanez being Japanese might originally be priced in Yen, not USD, so possibly you're not doing the conversion correctly. It's also disingenuous to compare an online retailer's asking price to a brick & mortar chain. What does one of Canada's major online sellers charge for that bass vs.
Sweetwater? Or even Sweetwater vs. a local brick & mortar shop in the States?
Being a Japanese product (I think), it may also incur different shipping or duties to Canada than to the States or a major seller like Sweetwater might enjoy preferred discounts or Ibanez might not force price equivalency on its dealers.
In any case, if you go to any major retailer including L&M and show them what you can otherwise pay *in equivalent currency* for the same item delivered to you, they'll match it or come as close as possible, at least so close that you won't bother with online/shipping/etc.
When the US and CAD currencies were at par of course your local retailer wasn't going to lower their prices, especially since they probably paid for the merchandize when the dollars were imbalanced. Why not ask them instead of presuming the worst? Give them a chance to price match.
Try it and see. Common sense is also common in Canada, yes? Logic?