Thursday, April 8, 2010

High Dollar Good News to U.S. Businesses

The Canadian dollar continues to hover just above or below parity with its American cousin.

Betsy Jensen, president of the International Falls Chamber of Commerce, says that can only lead to more Canadians travelling across the border.

"International Falls businesses prosper when the dollar is more equal," says Jensen, "because we have more (Canadian) shoppers over here with their dollar worth just as much as ours. We look at it as a good thing."

Jensen says its too early to tell if the dollar is having an immediate impact, but is seeing a few more Ontario plates at local gas stations.