As of July 24th, one American dollar buys $1.31 in Canadian dollars. For Canadians heading to the USA, that burns the wallet, while Americans traveling to Canada are loving it. For Canadian NHL teams, who pay their players in American dollars but take in profits in Canadian, operations have become significantly more expensive than a couple years ago when the dollar was essentially on par.
Much of the talk around the falling Canadian dollar is about the financial strain it will put on teams like the Winnipeg Jets, and how it could impact the possible expansion to Quebec City, not to mention the constantly-crying-poor Ottawa Senators.