Sun Vacations More Expensive

 
Loonie’s plunge makes sun vacations more expensive. Ex Finance Minister Flaherty would like Canadian Dollar at $.80 against the US greenback. That really hits the pockets of retirees heading South for the Winter Months.
Contraire -- Canadian Manufactures are rubbing their hands with glee.Easy street again.
As the Canadian dollar continues its fall, some tour operators are imposing $35 currency surcharge per passenger on destinations down south.

As the loonie trades below 90 cents (U.S.), that vacation sun package will soon get a little pricier as some tour operators are adding a currency surcharge to recover costs.

Calling it a “significant depreciation” in the Canadian dollar, Air Transat said it will be adding a $35 currency surcharge per passenger on all packages and flight bookings for Florida and sun destinations, effective Jan. 27.
Prices on vacations down south are so competitive, with many costs including hotel rooms calculated in U.S. dollars, that the company has to impose the surcharge, given razor-thin profit margins of only 1 per cent.


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