Substantial inflation and a solid U.S. dollar will weigh intensely on Canadian snowbirds this winter, experts say.
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As the cold months method, Snowbird Advisor president Stephen Good suggests some snowbirds are opting for a shorter journey interval or eyeing distinct places owing to the soaring price of everything mixed with a weak Canadian dollar.
Fine suggests snowbirds will have a great deal far more to think about this coming wintertime as the selling price of accommodation, groceries and eating out have all risen.
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He also states snowbirds may well opt for much more charge-successful places outdoors of the U.S., together with Mexico, Costa Rica and Belize and do a four-month keep instead than the normal six.
President of insurance policy service provider Vacation Secure Inc., Martin Firestone states that the small executing Canadian dollar will effect those who typically fly south for the wintertime the most out of all travellers.
The Canadian greenback traded for 72.85 cents US at the shut of marketplaces Tuesday.