That is correct. Funky Moose Records is a Canadian company. We show your local currency to save you some time on calculating the pricing. We use the latest possible conversion rate from Canadian dollars to your currency. However, the checkout proceeds in Canadian dollars, mainly to keep our accountant from getting an ulcer, but also so we don't have to worry about the volatility of the currencies and lose money because the dollar decided to fall off a cliff.
In short: We convert the currency so you don't have to.