Although I don't follow the situation closely, there doesn't seem to be a big ammo shortage here In Canada. I just ordered 1000 rounds of bulk 9mm for $290CAD or $230US. 820 rounds of bulk 5.56 green tip cost me $580CAD or $460US. Browsing around at different sites there's plenty of selection at descent prices. Stock of guns though seems to be sparse at online retailers.
damn, if I could get decent ammo at that price Id buy plenty of it