“Let’s take a vacation.”
It’s a phrase used by many this time of year, as people search for warm weather and adventure.
But over the last few years, travel has increasingly cut deeper into the pocketbook.
On Wednesday, it became even more expensive.
For the second time this year, the Canadian interest rate is dropping half a percentage point.
And with the Canadian dollar offering less buying power when heading to America, it could put travellers in a bit of a predicament.
Jamie Milton, the president of Uniglobe Travel said the dollar does impact where people choose to travel.
“If you’re buying hotels, car rentals, paying for meals, any of that sort of thing in the United States, it’s now costing you quite a bit more than it might have a year ago or 10 years ago,” she explained.
Story continues below advertisement
“And that does impact where people choose to go. People want to get the best value for their …