News
03/16/2015

The effect of a declining Canadian dollar

Luggage

NEGATIVE IMPACT

POSITIVE IMPACT

Travel to the U.S. becomes more expensive

  • Weekend shopping trips should decrease
  • Leisure travel to the U.S. may decrease as hotel and restaurant costs will go up for Canadians

Travel within Canada should increase

  • Some Canadian families will opt to vacation within Canada this year instead of heading south of the border. This increase will most likely be felt during the summer months
  • Visitors to Canada will benefit from a lower Canadian dollar, whether it is to visit relatives now living in Canada or simply looking for a getaway

DON’T FORGET COVERAGE FOR TRAVEL WITHIN CANADA

Canadians often forget that their government health insurance plan only covers a portion of medical treatment received while vacationing in another province.

Travel insurance coverage within Canada is very affordable, and with more Canadians expected to travel within Canada this year, make sure they think about travel insurance before they leave.

Here are some costs not covered by a government health insurance plan, even when travelling within Canada:

 

Graphic