It doesn’t take an economist to understand what’s happening with the Canadian dollar.
The loonie is under pressure and that is not great news for Canadian snowbirds. But it is good news if you’re a Canadian in the export business.
RVers and other traveling visitors to Canada is another group that will benefit from the currency exchange. At present, one US dollar is worth $1.25 Canadian. With the loonier being lower than it has been in years, many RVers and travelers from out of country will no doubt view Canada as a place where they can stretch their money further and get more out of their vacation dollar than in other destinations.
While a deflated loonie will entice more people to visit Canada, Canadians thinking of traveling to the U.S may rethink that trip this summer and keep their dollars at home. That’s bad news if your kids are keen to head to Disney World or Southern California this year. But it’s welcome news for Canadian tourism, which can expect more domestic travelers and a long-needed increase in American visitors, who will take advantage of the lower loonie.
Another boon to RV travel this summer is the exceptionally low fuel prices.
Canada’s greatest tourism partner is the United States. According to the Canadian Tourism Commission, Canada welcomes approximately 10 million overnight visitors from the US each year. In recent times, no other country has contributed more than 1 million travelers.
Tourism is an $84-billion industry in Canada that directly employs more than 600,000 workers and supports another 1 million jobs, according to the Tourism Industry Association of Canada. That’s 9.2 per cent of all jobs in the country. Anything that can boost the industry is viewed as a pleasant change after a flurry of events since the start of the century caused headwinds.
Gabor Forgacs, associate professor at the Ted Rogers School of Tourism and Hospitality at Ryerson College, explained that Canada lost half of US visitors because of a much higher dollar and new passport requirements that were introduced in the wake of the September 11, 2001 terrorists attacks. Canada also had to withstand the negative news around the SATS crisis in 2003-04 and, like the US, and just about every other country, was adversely impacted by the global economic recession from 2008-12.
A major travel destination renowned for its vast natural landscapes and stunning scenery, Canada is a great place to create RVing memories for you and your family.
America’s northern neighbor offers visitors a truly unique vacation experience with a exceptional diversity of natural attractions. Whatever adventure you may seek, Canada has a destination.
From the rugged Pacific coastline and ancient rain forests of British Columbia, across the majestic Rockies and the rolling wheat field plains of the prairie provinces, past the great waterways of the east and on to historic sites and small fishing villages along the Atlantic coast…Canada has it all!
Some of the finest National Parks anywhere in the world are found in Canada. The peaceful serenity of the parks, the unique wildlife, and the jaw-dropping scenery create magical RVing memories.
The Canadian Rockies are stunningly beautiful and immense, with spellbinding views of snowcapped peaks, glacial lakes, fast-flowing rivers, and endless forests. Within the Canadian Rockies is some of the most beautiful, serene and, at the same time, breathtaking scenery on the earth’s surface.
You will never tire of RVing in Canada because over the next horizon there is something amazing to see and experience.
Tourism centers in British Columbia and Alberta are also expecting the low Canadian dollar will bring more American travelers through the region on their way to Alaska.
Samantha Gibeault, tourism development coordinator for Dawson Creek, British Columbia, says the spin-offs this year for the local economy in the Mile Zero City could be bigger than in previous summers.
According to Gibeault who recently attended a travel convention in Florida, the low dollar has many on the East Coast of the United States talking about making the trip to Alaska.
“Because they are on the East Coast, it’s different because it’s a long haul trip, but there were a number of people who said the (Alaska Highway) trip has gone from number five on their list to number one, because they now have more money the second they cross the border.”
Although last summer’s numbers were strong, Gibeault is hoping for as much as a 15 per cent increase in 2015.
I always thought of this as God’s country.