Doing business with a down dollar in B.C.

A lagging loonie leaves questions and concerns hanging over economic vitality in British Columbia and across Canada

British Columbians vacationing south of the border for the first time since pandemic restrictions eased were hit hard converting their loonies to greenbacks this past summer.

While the loonie’s slide against the U.S. dollar might be cause for consternation among cross-border travellers, it doesn’t necessarily portend to bad news for those looking for economic upsides in the coming months. But there are additional factors at play in terms of why the loonie has been sliding against the U.S. dollar and what it means for the Canadian economy.

Meanwhile, Schamotta said Canada’s export sector might benefit from a weakened dollar at the same time importers lose out. On the other hand, it might be too economically unviable for those businesses to pass on those costs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BurnabyNOW_News /  🏆 14. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cape Breton business owners ponder future after storm | SaltWireSYDNEY, N.S. — While post-tropical storm Fiona knocked out power and downed trees, it has also knocked out at least two Sydney small businesses from ...
Read more »

CTV National News: Climate change hits B.C. farmsBen Miljure reports on how climate change and drought in B.C. is forcing farmers to change when to plant and when to harvest crops.
Read more »

Body of missing Ontario woman, Jaqueline McDermott, found in B.C.Search and rescue crews have found the body of a missing 22-year-old Ontario woman in B.C.
Read more »

British man sentenced to life in prison for murder of B.C. teenagerEssex Police say in a statement that Jack Sepple will spend a minimum 23½ years in prison for the stabbing death of Ashley Wadsworth of Vernon, B.C.
Read more »

Crews battling new wildfire east of Grand Forks amid ongoing fire risk in B.C.A wildfire burning in southeastern B.C. is serving as a reminder of the danger that remains in much of the province after weeks of historically warm and dry weather.
Read more »