What was just a rumor as recently as this morning has apparently already become reality -- the Canadian Toys R Us web site is showing $50 reductions in price for the Xbox 360 Pro (now $349.99) and Halo Edition - (now $399.99). An informant at a Canadian Toys R Us has also told us that the Xbox 360 Arcade has been reduced $20 (to $279.99) and the Elite has come down $50 (to $449.99 -- all prices are in Canadian dollars, eh?)

Ironically enough, FutureShop, where this morning's rumor first originated, has not lowered their web site prices as of press time. Perhaps they're waiting until Friday to unleash that Turok Elite bundle on an unsuspecting public?

Does this surprise move mean an American price drop is in the cards? Probably not -- much like the previous Microsoft Canada price drop, the adjustment seems designed to bring prices up North in line with the weakening American dollar.

Update: Apologies for the inadvertent act of bad foreign relations. No offense was meant, Canada. Are we still cool?

[Thanks Stephen]

This article was originally published on Joystiq.

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