Not a lot to write about the border crossing data for May except HOORAY. This is the first time in quite some time that the numbers of people crossing the border, especially at the larger ports, show a positive increase. It is not much, but it is an increase. This is especially good news when you compare the exchange rate of the Canadian and U.S. dollar. In this past month the Canadian dollar has strengthened, but only by a fraction of a cent. You would have to look awfully hard to find any Canadian who decided to cross the border in May because it wasn’t going to cost as much as in May.

Finally, I would point out the passengers and even the number of both commercial and private aircraft in comparison to last year. Some of this may be individuals coming to the United States from Canada, but I think most of this is an indication of both the oil boom and also the UAS business in Grand Forks. While not large, it is a lot more than a decade ago, even more than five years ago.

In sum, these are good statistics for the economy of North Dakota. We can hope that is the beginning of a trend that will make up some of the retail weakness in the retail economy. North Dakota needs to say-Welcome Canadians-and we need to mean it.

 

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