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Low dollar stopping Canadians from travelling this winter

<i>[The majority of Canadians will be experiencing waterfront views like this one, rather than more tropical locales. (Getty)]</i>
[The majority of Canadians will be experiencing waterfront views like this one, rather than more tropical locales. (Getty)]

As the cold weather sets in, many Canadians are planning what tropical destination or ski resort they’ll be visiting once winter really hits.

But those people are not in the majority.

According to the first Allianz Global Assistance Canadian Winter Vacation Confidence survey, 58 per cent of Canadians are confident they won’t be travelling anywhere this winter.

There are several factors preventing Canadians from booking that winter escape, but the low Canadian dollar is a big factor for many: 56 per cent said the value of the Canadian dollar against the U.S. dollar is preventing them from traveling to the United States. Right now, $1 CAD is worth about $0.75 USD.

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For more than a third of Canadians, a lack of vacation between December and March is pretty much the status quo: 36 per cent of Canadians haven’t taken a vacation in more than two years.

“As Canadians we highly value and look forward to our vacation plans as an opportunity to spend time with loved ones and unwind from our day-to-day stresses,” said Dan Keon, Director of Marketing and Communications for Allianz Global Assistance in a press release. “Clearly many Canadians all across the country are in need of a well-deserved break.”

That break doesn’t come cheap, either. The average Canadian household will spend $2,593.20 on a winter vacation. In British Columbia, the average is the highest in the country, at $3,342.70 expected to be spent per household, while Quebec households expect to spend the least, at an average of $1,861.40 per household.

Things look a little brighter in the summer, however: 68 per cent of Canadians are planning to take a vacation in the next 12 months — even if that doesn’t mean escaping winter’s grasp.