Business Blog

Canadian dollar continues to drop

The Canadian dollar is hovering around the 93-cent market this morning, the lowest in more than three years. Here's a (link) to a Wall Street Journal blog post that has some insights on why the loonie is tumbling.

The post notes that high home prices and high household debt among Canadians is creating a bit of worry about that nation's economy going forward.

It'll be interesting to see what this will mean for Whatcom County if the loonie continues to weaken. Many Canadian shoppers are in the habit of shopping for grocery staples in Whatcom County because of the better prices, so that may continue. If they cut back on spending, though, it'll be on discretionary items.

  Comments