It’s weaker than let’s say Pound Sterling or the Euro for example. But, does a weak CAD affect international travel towards Canadian travelers? Since they’ll be paying more whilst abroad requiring CAD in higher amounts to exchange for larger sums of cash (like if 1000€ = C$1617 that alone is a steep hike while C$1000 = 618€ see the difference?). Also, when you travel: do you bring CAD or exchange for USD first prior due to that having a better exchange rate?

  • LoveCanada@lemmy.ca
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    8 days ago

    For a short time the CAD was worth MORE than the USD in exchange, going up to 1.05, and while travelling in the US at that time, we couldn’t convince anyone to take CAD even on par. They just wouldn’t believe that CAD was worth more.