American $$$ AT PAR?--Will it boost tourism?

Should Tourism Canadian Organizations be Encouraging Businesses to Take U.S. $ at par.

As reported in the Whistler Pemberton Question.

Officials with the two tourism organizations, along with Whistler Blackcomb (WB), are encouraging local businesses to accept U.S. dollars at par for all cash transactions for the entire 2007-’08 winter season as a way to show goodwill toward visitors from south of the border, who make up some 30 per cent of Whistler’s visitor base.

Louise Lundy, president of the Whistler Chamber of Commerce, said that while officials recognize that the practice might not work for every business, for most it makes good business sense to offer the best possible value to U.S. visitors, despite the greenback’s recent slide against other global currencies. Read entire story

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