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WAMC New York News
5:22 pm
Wed April 13, 2011
Canadian Dollar Value Higher Than U.S. Dollar
By Pat Bradley
Plattsburgh, NY – The Chamber survey found that most tourism related businesses depend on Canadian visitors for at least 20-percent of their business, while a fifth count on half or more of their business from Canadians. And 88 percent of those businesses say more Canadians came to the area in 2010. Adirondack Coast Visitors' Bureau Director Michele Powers.......
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Chamber Vice President for Economic Development Susan Matton anticipates more Canadian business development in the region ......
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Jay Peak Ski Resort is within a few miles of the Canadian border in northern Vermont. President Bill Stenger, who is also a member of the Vermont Travel Recreation Council, says the exchange rate is an economic opportunity for the entire border community.....
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Stenger says the benefit of the strong Canadian dollar will be felt far from the northern border.....
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The Canadian dollar was worth nearly a dollar four cents against the US dollar on Wednesday according to the Bank of Canada.