Canadian dollar hits 4-year low, prompting concern for Calgary business owner

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The Canadian dollar dropped to a four-year low this week, prompting concern from at least one Calgary business owner.

Ryan Schoel, owner of The Costume Shoppe on Blackfoot Trail, says it's inevitable that Canadian consumers will see prices increase if the Canadian dollar stays low.

Schoel sells his product in Canadian dollars, but says he purchases it from both Canadian and American suppliers."Everything we buy, it's an illusion that we buy it in Canadian dollars, we buy it in American first," he said."It is what it is, I guess." Lander notes that one of the last time the Canadian dollar reached these depths was when Donald Trump was elected president the first time in 2016.

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