With the U.S. dollar hitting a 14-month low against the Canadian dollar, businesses along Vermont’s border are wondering if the changing currency values could help stimulate their economy.
On Friday, one U.S. dollar was worth $1.04 Canadian, a slight improvement from the previous day. The Burlington Free Press says the last time the currencies traded at last week’s lows was in August 2008.
The demise of the dollar is generating optimism at Vermont’s northernmost ski resort, Burlington International Airport and the region’s retailers, who think it could entice more wintertime vacationers to the U.S.
The dollar’s plunge, however, is bad news for Vermonters who had plans to travel to Canada or stock up on imported goods.
Note: Information for this report came from The Burlington Free Press