News

Canadian dollar falls to 89 cents

KGMI News Reporting
By Mike Curtiss

BELLINGHAM, Wash. – The falling loonie could mean fewer Canadian shoppers for Whatcom County.

The value of the Canadian dollar dropped to 89 cents Thursday.

Economist Doug Porter tells the Toronto Star that when the loonie gets to around 88 cents, the cost of goods will be about the same on both sides of the border.

That means fewer Canadians will be motivated to come down to Bellingham to go shopping.

If the loonie keeps falling, more Americans might want to spend their dollars at hotels and restaurants north of the border.

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