Exchange rate hampers Canadian tourists’ return to southern Maine coast

BANGOR DAILY NEWS • May 30, 2023

The Canadian-to-U.S. dollar exchange rate has been weak since the beginning of the year, with a Canadian dollar equaling 73 cents here. That difference is expected to dampen business along Maine’s southern coast in York County. Tourism is a major contributor to the economy in Maine, where the state tourism office reported about 15.4 million total visitors from everywhere in 2022. Maine reported $8.6 billion in direct spending, up 10 percent.