Low loonie affecting winter getaway plans

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The Canadian dollar continued it’s slide today. It closed below .69 cents US, at a time when many Canadians want to take off and head south.

After reaching it’s peak in 2007 our dollar is it’s longest decline since leaving the gold standard. The last time that the dollar was trading below .70 cents, was in May of 2003. The all time low was set in January of 2001 at .61 cents US.

So while the low Canadian dollar is causing some Canadians to think twice about travel, agents say that it’s this unseasonably warm weather that’s hurting business. At Tripcentral in Hamilton they seeing a slower start to the year, but with the cold weather comes new bookings.

Pam Dehaan says that the one area where travelers will react to the dollar is on a trip to the United States. “They’ll probably not go to more expensive restaurants, maybe not shop as much.”

So travelers will have to be savvy to find a cheap day in the sun.