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Tag: Canadian dollar

  • Vegas Casinos Accept Canadian Dollars as US • This Week in Gambling

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    A group of prominent downtown Vegas casinos has announced a new initiative to accept the Canadian dollar at par with the American dollar. The promotion, which began this week and is scheduled to run through August 31, 2026, aims to reverse a sharp decline in international tourism from the north.

    The three participating properties are Circa Resort and Casino, The D Las Vegas, and Golden Gate Hotel and Casino. Under the new At Par program, eligible Canadian visitors will receive one U.S. dollar in value for every one Canadian dollar spent on specific services. This move effectively removes the current exchange rate barrier, which has seen the Canadian dollar trading at significantly lower values than its U.S. counterpart.

    According to Derek Stevens, CEO of the three Vegas casinos, the decision was driven by data showing a major drop in Canadian visitation over the past year. Industry reports indicate that Canadian travel to the city fell by approximately 20 percent in 2025, while airline seat capacity from Canada to Nevada decreased by roughly 30 percent. Stevens, who has personal ties to Canada, stated that the goal is to eliminate conversion stress and welcome back a demographic that has historically been the top international market for the region.

    The program includes several components. Canadian guests staying at these properties will pay for their room rates in Canadian dollars at a one-to-one ratio at check-in. The offer also extends to beverage purchases at designated locations, including BarCanada at The D, Overhang at Circa, and Bar Prohibition at Golden Gate. Additionally, the casinos are offering a gaming incentive where Canadian players can redeem up to 500 dollars in Canadian currency for 500 dollars in slot promotional play.

    To participate, guests must present a valid Canadian passport or government-issued identification to verify citizenship. The promotion is available to all Canadian travelers, regardless of whether they are staying at the participating hotels. Officials hope the financial advantage provided by the fixed exchange rate will encourage travelers to return during the busy summer season. As the tourism industry monitors cross-border travel trends, these Vegas casinos are positioning themselves as high-value destinations for international neighbors facing unfavorable currency markets.

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    This Week in Gambling

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  • As Crude Oil Prices Fall, Make This 1 Unexpected Trade ASAP

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    December Canada dollar (D6Z25) futures present a selling opportunity on more price weakness.

    See on the daily bar chart for the December Canadian dollar futures that prices are in a downtrend and last week hit a six-month low. The bears have the firm near-term technical advantage.

    Fundamentally, the Canadian economy is heavily dependent on commodity exports, including crude oil (CLZ25). Crude’s recent price declines are a negative for the Canadian economy. In the meantime, the U.S. economy, while showing some recent weakness, is still overall in good shape.

    A move in the December Canadian dollar futures below chart support at last week’s low of .7122 would give the bears more power and it would also become a selling opportunity. The downside price objective would be .7000 or below. Technical resistance, for which to place a protective buy stop just above, is located at .7180.

    www.barchart.com

    IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

    Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%):

    Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

    On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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