Low Loonie Not a Deterrent for Canadian Travelers

  • By: mvadmin
  • Date: January 3, 2018
  • Time to read: 2 min.

Even as oil prices contributed to the Canadian dollar’s decline, it remains strong compared to other currencies.

Canadian visitors to the 2016 Olympics at Rio de Janeiro, Brazil have reasons to rejoice. Even as oil prices contributed to the Canadian dollar’s decline, it remains strong compared to the Brazialian currency Real.

The loonie could actually prove to be a good bet for Canadian travelers as hotel prices in Brazil remains low due to increased competition thus leading travelers to get more value for their piasse.

Travelzoo Canada has cited Rio de Janeiro as one of its top five destinations for Canadian travelers in 2016.

Other locations on the top five destinations list included Iceland as it is well connected to Toronto, Halifax, Edmonton and Vancouver by air.

Flights to Iceland remain as low as $250 each way, including tax, from discounters and is a good gateway option to reach places in Europe.

Flight tickets to China too have been declining and are expected to hit an all time low in 2016.

“There are more routes to China than ever before.” – Michael Duchesne, Travelzoo Canada

Poland too makes the list as it is one of the few countries yet to adopt the Euro, a four star hotel room in Kraków only costs around $60 a night making it extremely appealing to Canadian travelers.

Low fuel expenses and discounts from airlines had led to the Dominican Republic too bagging a spot on the top five destinations list.

It still remains early to predict the impact of the decrease in the Canadian dollar on outbound traffic from Canada but people are still not cancelling travel plans, Michael Ward, chief executive of World First USA, a foreign exchange company said.

People are thinking twice about trips to the neighbouring US and monitoring levels of spending, he added.

The bargain deals for trips to places like Brazil and Mexico are a great option for Canadian travelers, he added.

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