Canadian Tourism in the U.S.
The typical vacation for Canadians might not have included coming to the United States years ago but now that the loonie is on the rise, there is new consideration. The loonie which is also the Canadian dollar, named after the loon on the back of the coin, is at an all time high against the American dollar. Now in the United States you are getting ninety five cents on the dollar if you are a tourist wanting to visit the Old Orchard Beach which is located in Maine, this is one of the hot spots for the Canadians looking for a quick get away. These seven miles of shoreline is a quick drive for those coming from Quebec looking to take advantage of the rising trend that has taken place over the last thirteen years.
In 2005 the Canadian tourist spent 2.35 billion Canadian dollars just in the state of Florida. Florida was the number one state according to the statistical graph given in the article. Following Florida was California, Nevada, New York, and Washington State. While the rising trend seems to bring great things to the U.S. economy it also excites many Canadians that their money is at a 28 year high against the greenback. Just five years ago the loonie was worth a desperate 62 cents in the U.S. This made traveling to the U.S. an easy decision for most Canadians. According to the Commerce Department the travel to the Unites States has increased 23 percent since five years ago. One of the deciding factors could be that the fuel cost is approximately one dollar more per gallon in Canada Than in the U.S.
The statistical tool used in this article is the bar graph that indicates the Canadian dollars in billions spent in the top ten states where the Canadian tourist spent the most money. The source of the statistical information given is Thompson Financial; Statistics Canada.
While most of the travelers are enjoying the fact of equality among the currencies there are a few people lagging behind trying to be realist....