Low dollar shopping

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The Canadian dollar dropped over half a cent today, reaching it’s lowest point in over a decade.

Adam Atkinson spoke to shoppers near the border, to see how the sagging dollar will affect their summer travel plans.

At this outlet mall in Niagara-on-the-Lake you can expect to see a lot more U.S. licence plates this summer.

The U.S. dollar is worth nearly 25 cents more than the loonie.

“I don’t know if it’s the oil prices or what, whether it’s the government trying to keep us here and attract tourists.”

While the sagging dollar may attract Americans to our great country, it will certainly keep Canadians north of the border.

The loonie hit a 10 year low of 76.70 U.S., the lowest it’s been since September of 2004 when it sank to 75 cents.

And Canadians we spoke to are used to the fluctuating Canadian dollar and prefer to put a positive spin on it.

“It’s good for tourism, brings the Americans over here and keeps us here too.”

“It’s good and bad obviously for manufacturing it creates jobs, lower dollar creates exports, so it’s good for the country.”

The exchange rate right now is around $1.30, making your trip to the states a lot more expensive.