QUOTED FROM THE CANADIAN PRESS

THE CANADIAN PRESS

TORONTO – The soaring Canadian dollar closed above US$1.05 on Wednesday for the first time in decades and appears headed for uncharted waters as a combination of factors pushes it further and further ahead of the American currency.

The Canadian dollar ended the official trading day in Toronto at 105.85 cents US. That’s the highest closing price for the loonie since Aug. 21,

1957 and just short of a modern-era high of 106.14 cents US.

The remarkable strength of Canada’s currency over the past few months can be traced to a number of factors, including the country’s strong domestic economy and demand for Canadian-produced resources such as crude oil and metals.

The American dollar fell to a new low against the euro in North American trading on Wednesday after the Federal Reserve lowered a key interest rate by a quarter point to 4.5 per cent.

This bodes well for Canadian’s purchasing resort properties and Maui being one of their favorite US destinations.

Aloha from Paradise!

Great news about the interest rate being lowered by a quarter point.  Our market appears to have already turned a corner with everyone coming over to get the values that are available right now.  The interest rate drop should even heat our market up more.

Enjoy Halloween! 

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Update regarding Pets transported into Maui since the Board of Agriculture approved direct release of pets into Maui. 

United is accepting pets in cargo, the same policy they have into Honolulu.  However, ATA which accepts pets in cabin to Honolulu has advised us at this time they are not honoring the Maui program.   Hawaiian Airlines is not accepting pets in cabin (or cargo, from what we understand) into Maui.  These are the three main airlines that we intend to try to work with to get clearance.  At this point the only person to come into Maui with her pets was Oprah but of course she has her own private jet and does not have to contend with commercial airline policies.  That by the way we understand from the Maui Humane Society went very well.  

At this juncture the Maui Humane Society and the South Shore Veterinary Clinic have been approved to clear pets here on Maui.  As to pets in cargo,  the Department of Agriculture found a location for the pets to be taken to and where the Humane Society (and I assume South Shore Vet) can clear the pet and release it to the owner.  This location is currently at the far end of the airport, the north eastern corner and is very close to the United Airlines gates. As mentioned earlier our understanding is that United is allowing pets in cargo. Anyone interested in bringing their pet into Maui should contact the airline directly.