Canadian snowbirds face inflation, strong U.S. dollar

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High inflation and a strong U.S. dollar will weigh heavily on Canadian snowbirds this winter, experts say.

As the cold months approach, Snowbird Advisor president Stephen Fine says some snowbirds are opting for a shorter travel period or eyeing different destinations due to the rising cost of everything combined with a weak Canadian dollar.

Fine says snowbirds will have a lot more to consider this coming winter as the price of accommodation, groceries and dining out have all risen.

He also says snowbirds may opt for more cost-effective destinations outside of the U.S., including Mexico, Costa Rica and Belize and do a four-month stay rather than the typical six.

President of insurance provider Travel Secure Inc., Martin Firestone says that the low performing Canadian dollar will impact those who typically fly south for the winter the most out of all travellers.

The Canadian dollar traded for 72.85 cents US at the close of markets Tuesday.

This report by The Canadian Press was first published Sept. 27, 2022.

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