Canada: It’s Cheap Again!

Travel Blog  •  Eva Holland  •  01.22.09 | 10:14 AM ET

Arthur Frommer points out that with everyone watching Europe’s two heavyweight currencies draw closer to parity, some other currency shifts have gone unnoticed. “We’ve been so focused on the Euro and the Pound,” he writes, “that most of [us] have failed to notice that the currencies of Canada and Mexico have plunged in value.” After rising to par last year, the Canadian dollar has dropped back to $1.25 per 1 US dollar, while in Mexico a single American dollar will now net you 14 pesos. The lesson here for American travelers? Head North. Or South. Either way, as Frommer says, “you now enjoy a bonanza.”

Tags: Arthur Frommer, Budget Travel, Cheap Travel, North America, Canada, Mexico, News and Briefs

Eva Holland is co-editor of World Hum. She is a former associate editor at Up Here and Up Here Business magazines, and a contributor to Vela. She's based in Canada's Yukon territory.


2 Comments for Canada: It’s Cheap Again!

condos in Toronto 01.25.09 | 2:51 PM ET

I have to agree, head north! You are welcomed :) Unfortunately, Canadian tourists suffer, but it’s a perfect situation for our own tourist industry and all exporters!
Elli

Pete 01.27.09 | 7:25 AM ET

Looks like it’s good times to travel once again.

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