Where Are All The Canadians?
Went into Yuma the other day and could count on one hand the number of Canadian cars that we saw. I know that the exchange rate and our travel insurance has gone up but did not think that it would e...
Forum Discussion
Ironically, hubby and I were talking about maybe spending more time this summer in the Maritimes versus our normal haunts would be in the Northern USA somewhere during the summer for several weeks. So we too are considering the exchange rate being less favourable right now. In all fairness though, we as humans do sometimes have very short memories, and quickly get used to more favourable rates on currency exchanges/mortgage interest etc.
It wasn't that many years ago that interest rates were more commonly accepted around 8% and folks were distraught when in the 80's they were paid down from 26% by the banks to 13% to stop folks handing in their keys here. Likewise I recall many years of getting a US$1 to C$1.5/1.65 exchange rate. Alas, like all things though one could say they remember when a loaf of bread was 50 cents and a gallon of milk was less than a buck, but we unlikely will ever see that again!
I dare say if the exchange rate for Canadians goes back up to $1.5 or $1.7 to the US$1 it'll make the current $1.3:$1 look like a steal of a deal in hindsight. I can remember buying a ton of US dollars when it dropped from $1.65 to $1.3 thinking I'd make a killing when it would switch back again, and that was several years ago (LOL).
Long term, I don't think you'll see a higher than on par exchange rate effect more than a small percentage of Canadians heading south for warmer climes - maybe an odd year or two, but when the cold temperatures start getting old again, most will find a way to readjust their budgets/compromise on other line items to enjoy the warmer locations.
It wasn't that many years ago that interest rates were more commonly accepted around 8% and folks were distraught when in the 80's they were paid down from 26% by the banks to 13% to stop folks handing in their keys here. Likewise I recall many years of getting a US$1 to C$1.5/1.65 exchange rate. Alas, like all things though one could say they remember when a loaf of bread was 50 cents and a gallon of milk was less than a buck, but we unlikely will ever see that again!
I dare say if the exchange rate for Canadians goes back up to $1.5 or $1.7 to the US$1 it'll make the current $1.3:$1 look like a steal of a deal in hindsight. I can remember buying a ton of US dollars when it dropped from $1.65 to $1.3 thinking I'd make a killing when it would switch back again, and that was several years ago (LOL).
Long term, I don't think you'll see a higher than on par exchange rate effect more than a small percentage of Canadians heading south for warmer climes - maybe an odd year or two, but when the cold temperatures start getting old again, most will find a way to readjust their budgets/compromise on other line items to enjoy the warmer locations.
