Weakened Loonie Affects Canadian Travel Plans
The vast majority of Canadians are changing their travel plans due to rising costs and a weak Canadian dollar, which has added to 2025 budget considerations. According to a new Blue Cross survey, 81% of Canadian travellers have altered their travel habits, with many reducing trips and opting for cheaper options. The weakening loonie has also led to concerns about geopolitics, particularly when it comes to visiting the U.S., with half of Canadians reporting they are less likely to visit in the next 12 months.
- This shift in travel patterns highlights the delicate balance between economic pressures and discretionary spending habits, leaving many Canadians forced to make significant adjustments to their vacation plans.
- As international borders become increasingly tied to economic conditions, will the weakened loonie lead to a reevaluation of global supply chains and trade policies that prioritize national interests over individual consumer needs?