Business

Market Report: Drop in oil prices weakens Canadian dollar

The drop in oil prices and other factors continue to weaken the Canadian dollar, which was down to 87 cents compared to the U.S. dollar on Tuesday, Nov. 4.

The good news for Canadians traveling into Whatcom County is that gas prices remain quite a deal in Bellingham, where the average price was $3.09 a gallon on Nov. 4, according to AAA Washington.

That's less than many other major Washington metro areas and much lower than the average price in British Columbia, which was $4.65 a gallon on Nov. 4, according to GasBuddy.com. The bad news for Canadians is the weaker loonie means less purchasing power heading into the holiday shopping season. Next week: Real Estate.

Here are the trends:

  Comments