The U.S. dollar has lost ground to the Canadian dollar, declining in value by 3.96 percent, as markets respond to uncertainties consequent to the U.S. political situation. Under the leadership of Justin Trudeau, our northern neighbor is seen as a more reliable trade partner, and at very least, a more predictable one, leading to appreciation in the Canadian dollar. Expenses can start to add up on longer visits, however, for shorter vacations, even with a weak dollar, it can make as much sense to visit our northerly neighbor as our southern one. Nevertheless, this year may not be the year to visit,unless you happen to live close to the border.
-3.96% — value growth in dollar since 2017