Exchange rates/currency
The price of one currency versus another
The foreign exchange rate
The economic result of a weaker Canadian dollar on travel gives us?
Decreased purchasing power
When it takes more Canadian dollars to buy one U.S. dollar
When people choose to buy products made in their own country instead of foreign ones
Consumer Protectionism
When more Americans visit Canada than Canadians visit the U.S. this is called?
The Border Flip phenomenon
The extra money banks charge when you exchange currency is called?
An exchange fee
What most people say decides where they travel
The Cost
What is the current approximate of CAD to USD
$1.39 CAD per USD
A theory that compares currencies
The purchasing power parity
What is the percentage drop in Canadian trips to the U.S. in January
22%
How much was the extra cost added to a $2,500 USD trip due to exchange rates
$975
Money leaving Canada when Canadians travel to another country is called?
Importing tourism