Mackinac Bridge Ends Acceptance of Canadian Cash for Tolls
The Mackinac Bridge Authority in Michigan has announced that it will no longer accept Canadian cash for toll payments starting in October. The decision is due to the unattractive exchange rate and the cumbersome processing operation involved. The authority charges $8 Canadian for the $4 U.S. toll, and the current exchange rate is $1 Canadian for about $0.76 U.S. As a result, most travelers already prefer to pay using cards rather than cash. The authority generates significantly more revenue in U.S. currency compared to Canadian cash, and the toll for Canadian cash is higher due to the exchange process.