Tag: us dollar

    Strong tourism start despite surging dollar

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    From the Niagara Falls Review:

    A top Niagara Falls tourism official is not concerned about the Canadian dollar’s surge to US80 cents this week amid a weakened U.S. dollar and further signs of a strengthening Canadian economy.

    “I don’t think it’s enough to discourage anybody from coming,” said Wayne Thomson, chairman of Niagara Falls Tourism.

    “I think 20 cents on the dollar is really not bad. They’d prefer 30 cents on the dollar, 32 cents, but 20 cents on the dollar is a pretty substantial reduction on (Americans’) travelling (costs to Canada) … so I don’t think we’re in any kind of concern at this point.”

    Kicking off tourism season Friday

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    From the Niagara Falls Review:

    Tourism officials in Niagara are expecting another solid tourism season as Canada celebrates its 150th anniversary.

    Jackie Phillip, manager of the two Ontario travel information centres in Niagara, said she has talked to a few tourism officials who expect to see business increase between 10 and 20 per cent.

    “If we get a 10 per cent increase across the board I’d be thrilled and I think with Canada’s and Ontario’s 150th, and with the US dollar the way it is and with the internationals that are travelling, I think we can do it,” she said.

    Bad news for tourism

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    From the Niagara Falls Review:

    American pastures are looking a lot greener for Canadian shoppers after the loonie opened trading Wednesday at par with the U.S. dollar.

    While parity may be nothing more than a psychological milestone, the northward march of the Canadian dollar against the greenback could see more people and jobs heading south.

    And that’s bad news for the hospitality industry — the city’s economic backbone.

    Canadians Love Deals in WNY

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    From WKBW Channel 7 in Buffalo:

    If you’re anywhere near a local mall these days there’s good chance you’ll spot even more Canadian license plates than usual. That’s because the Canadian dollar has grown stronger and now goes further at U.S. Stores.

    Better selection and lower taxes on this side of the border have long drawn Canadians. “We’re saving a lot more because the taxes are lower,” says Marianne Bolonga of Niagara Falls, Ontario who was shopping with a friend on Wednesday at the Fashion Outlets of Niagara Falls, NY.

    “Pretty much you can’t get the brands back in Canada so just better to come over here I guess,” says Blair Fontana, a Canadian shopping for clothes at the Fashion Outlets.

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