Upcoming Budget, Mainstream Intel Processors (DailyTech)
The date given is January 18th, so if this is true, I don't know that I'd be getting my hopes up before then. Even still, there are specific price cuts on existing models mentioned in that article, just new varieties/binnings of existing chips. Right now, the entry price for Core i7 is high enough that the current generation of chips are still quite attractive for people looking to upgrade, and the budget and mainstream Nehalem components haven't hit the scenes yet. Hence, little incentive for Intel to cut prices any earlier.
Beyond that, the reason for the sudden rise in prices is the dropping Canadian dollar. If past occurances are any indication, the dollar is going to have to 1) improve and 2) stay improved for an extended period of time before our prices begin to improve. Personally, I'm not getting my hopes up. I am, however, paying more attention U.S. online sites, since the potentail now exists to save money that way, even after factoring in the shipping and exchange rates.