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Quaint Canadian mountain towns, once exclusive to the affluent, have become more budget-friendly for visitors.
thanks to the tanking
Canadian dollar.

U.S. tourists are increasingly heading to upscale ski resorts such as Banff and Lake Louise following their realization that
Donald Trump
‘s
trade tariffs
have undermined our northern neighbor’s currency.

Shaun Krilanovich from Nashville mentioned that the exchange rate has made his family’s skiing trip to the beautiful Alberta resort town of Banff considerably more affordable.

‘Going to places like
Colorado
“And at Lake Tahoe, we’re paying three to four times as much compared to what we pay here,” he said.
Tennessee
resident told
CTV News
.

We’re discussing returning annually from now on because of its affordability and the wonderful folks here.

Home to
ample national parkland
Featuring a skyline marked by the majestic Rockies, Banff stands out as one of Canada’s top destinations for skiing, hiking, and luxurious chateau-style accommodations.

Banff lies approximately 35 miles southeast of Lake Louise, which is famous for its vivid blue glacial lake encircled by towering mountains and intricate hiking paths.

One of the few sectors thriving within Canada’s present economic climate is tourism. The depreciating Canadian dollar, often referred to as the loonie, has made the nation increasingly appealing to numerous American tourists.

The Canadian dollar is presently exchanging at 0.7 US dollars following bets from investors that the Bank of Canada will take certain actions.
Canada
was set to prolong its loose monetary policy strategy later this week.

President Trump has
threatened annexation
while
launching a trade war
Against Canada, placing the nation’s economy under strain.

Aaron Hurd, who serves as a senior portfolio manager in the currency division at State Street Global Advisors, stated that trade conflicts are increasing the risks associated with investing in the nation.

The cost of oil, which is a key export for Canada, is also down by 1.1 percent at $66.28 per barrel due to uncertainties related to tariffs and increased production from OPEC+ members.

As part of the intensifying and expensive trade conflict between Washington and Ottawa, Canada has responded with an additional round of tariffs worth $21 billion aimed at U.S. imports such as computers and sporting goods.

The policy was announced shortly after President

Donald Trump

The 25 percent tariffs on Canadian steel and aluminum came into effect.

Canada is the biggest external provider of these two minerals to the United States.

The Canadian Finance Minister, Dominic LeBlanc, stated on Wednesday that the products affected by the newly imposed tariffs encompass computers, sporting goods, and items made from cast iron.

LeBlanc stated: “As of midnight tonight, starting March 13, 2025, the Canadian government will implement reciprocal duties at a rate of 25% on an extra C$29.8 billion (\$20.7 billion) worth of goods coming from the U.S., using a dollar-for-dollar strategy.”

He stated: “This encompasses steel products valued at C$12.6 billion, aluminum items totaling C$3 billion, along with extra American imports amounting to C$14.2 billion.”

On Tuesday, Canada succumbed to Trump’s pressure following his threat that the country would face an unprecedented ‘financial penalty’ due to the tariffs imposed on certain regions within the United States.

Ontario Premier Doug Ford changed his stance and announced that he would rescind the 25 percent tariff on Canadian electricity exported to the northern U.S. states of Michigan, New York, and Minnesota.

After Canada withdrew its opposition, Trump consented to keep the tariffs on Canadian steel and aluminum at 25 percent instead of increasing them to 50 percent.

On Monday, Canada introduced new electricity tariffs that signify an intensification of the trade conflict, as these measures were taken in reaction to previous tariffs imposed by Trump.

The Premier mentioned that he had a conversation with Commerce Secretary Howard Lutnick regarding the current circumstances, and both decided to convene on Thursday to talk about the retaliatory tariffs that President Trump plans to implement by April 2nd.

Ford stated that Ontario decided to halt the 25 percent tariff on electricity exported to Michigan, New York, and Minnesota.

As the trade conflict escalates, the president once again urged the inclusion of Canada within the United States’ sphere.

“Canada should genuinely join as our 51st state. Then we wouldn’t have issues with our northern border or tariffs,” Trump stated.

Canada could make an excellent addition as our beloved 51st state. There wouldn’t be any border issues, and you wouldn’t face any complications.

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