Canadian Cash
This is bad news for the US economy, but GREAT news for the Valley’s hospitality industry this season. We should have a bumper crop of Canadian tourists this winter:
Canadians cheered Friday for their beloved loonie, reaching parity this week with the US greenback for the first time in 31 years, but consumers are not yet benefiting, and manufacturers are reeling.
The loonie, a sobriquet given to the Canadian dollar, worth a mere 62 US cents five years ago, reached parity with the US greenback in morning trading Thursday, amid soaring commodity prices and fears of a slumping US economy.
