BURLINGTON, Vt. - With the US dollar hitting a 14-month low against the Canadian dollar, businesses in northern New England are wondering whether the changing currency values could help stimulate their economy.
Late last week, the US dollar was trading at its lowest level since August 2008, ending Friday at $1.04 Canadian.
The demise of the dollar is generating optimism at northern ski resorts, Burlington International Airport, and the region’s retailers, who think it could entice more wintertime vacationers to the United States.
The dollar’s plunge, however, is bad news for New Englanders who had plans to travel to Canada or stock up on imported goods.
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