Lower Canadian dollar hurts Canadian tourists. One Canadian dollar is now worth .76 cents.
Lower Canadian dollar hurts Canadian tourists. One Canadian dollar is now worth .76 cents.
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"This will be a fight against overwhelming odds from which survival cannot be expected. We will do what damage we can."
-- Capt. Copeland
Ouch! What's hurting the Canadian economy so much that their loonie has weakened by that much? Missing you my neighbors to the north. Hope Canada fixes its economy soon.This appears to be the result of the weaker Canadian dollar, which is currently trading around US$0.76. Since 2013, when the loonie was last at par, the number of Canadians traveling to the U.S. by car has fallen by 31.3 per cent to 31.8 million in 2016. However, the U.S. is still the top international destinations for Canadians, accounting for three-quarters of trips abroad.
Oil's fucked them up a bit.
As someone who lives in a relatively decent tourist town I can safely say this will not be a noticeable difference. I mean 250k total tourists? Even if all of them came to Charleston one year and then they all stopped the next year that's only a 5% dip in tourism. Otherwise known as a weak year of growth. Since 2010 the local airport has nearly doubled the number of people coming through from 2 to 3.7 mil.
"However, the U.S. is still the top international destinations for Canadians, accounting for three-quarters of trips abroad."
Not going to start panicking yet.
As a Canadian I would appreciate it if tennisace stopped speaking on behalf of all Canadians.
I'm going to spend about $500 on a new gaming PC, would it be worth going to Canada since for every four American dollars I can get five Canadian dollars? The Canadian dollar is worth 0.76 cents on the dollar.
I know people traveled from Britain to the US to buy electronics in the US when the US dollar was low.
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"This will be a fight against overwhelming odds from which survival cannot be expected. We will do what damage we can."
-- Capt. Copeland
Actually the IRS has the habit in the last decade of demanding back taxes from people that got the American citizenship because one of their parents was an American, but never actually were physically in the US. Some of whom did not even know they had the dual citizenship or never used it.
This resulted in people getting back taxes claims on earnings over which they already payed taxes in the country they actually live in. As far as I know the US is the only country in the world that does this.
I reckon the tourism trend will certainly take a hit from the new administration as well. While Obama was not appreciated within the US, he was well liked everywhere else. Not sure what the impact of a president that bans entire countries from entering will have, but I doubt it will be good for tourism.
I expect that a major part of tourism in the US is tourists between states, and as such the international decline of tourists might not impact it much.
Worry about your own economy, TennisAce.This appears to be the result of the weaker Canadian dollar, which is currently trading around US$0.76. Since 2013, when the loonie was last at par, the number of Canadians travelling to the U.S. by car has fallen by 31.3 per cent to 31.8 million in 2016.