|
It's great news for the economies of border cities like Bellingham, WA. The entire 1-5 corridor north of Mount Vernon, WA is fueled by Canadian money. During the 1980s and early 90s it created a lot of economic opportunities for that area, but when the exchange rate went in the U.S.'s favor, the Canadians disappeared.
As the dollar has weakened in the last couple of years, the Canadians have returned in droves. It looks like it will stay that way.
It's the only upside I can see to the weakening dollar; it's not good for me personally as I like to travel to Canada, and now that's not exactly ideal as it costs more now to visit than it did in the past. Bummer.
__________________
If I am not better, at least I am different. --Jean-Jacques Rousseau
|