Low Value Of The Loonie Has Many Canadians Re-Thinking Vacation Plans

All of those beautiful TV ads for Newfoundland & Labrador might really pay off this year. The lower loonie has Canadians rethinking their summer travel plans. In a recent BNN.ca poll, 40 per cent of respondents said they would stay in Canada for their summer vacation as a result of the weaker dollar. Travel search site KAYAK said flights from Canada to Europe have gone up this year, whereas domestic flights have started to see a price drop with the introduction of new low-cost carriers, like WestJet’s Swoop. Not only will you save money by staying close to home, but you’ll be helping local economies too by booking locally-owned accommodations such as lodges or B&Bs, and eating out at locally-owned restaurants.

On the other hand, 45% of Canadians say they aren’t going to let our weak dollar impact their travel plans, and if that describes you, places like Vietnam, Kenya, and Argentina still represent good value against the loonie.

Image source: YouTube

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