Weak U.S. dollar lures Canadian retirees in RVs
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NACO, Ariz  - Canadian retiree Penny Macdonald and husband Stew have spent winters in the United States for 25 years, but never before have vacations been such good value for "snowbirds" flocking to trailer parks across America's sunbelt.
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Canadian retiree Sheldon Kovensky felt the lure that attracts so many foreign buyers to sunny Florida these days -- falling prices for luxurious oceanfront condos that can be bought with weak U.S. dollars.
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As the weak dollar makes shopping sprees in America a bargain for international visitors, individual cities and states are stepping up their global promotional efforts.
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Sirva is feeling the pinch as organizations look to spend less on employees based overseas.
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The US fiscal and current account deficits, and low interest rates, are driving the greenback down against other currencies but it is difficult to predict how fast and far it will go, Bank of Canada Governor David Dodge said on
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Currency's slide is being felt in ways as small as the rising price an American tourist pays for a meal in Rome, and as large as the decisions by foreign companies to build factories in the U.S.
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The steep decline of the dollar against the euro has made eye-popping prices a lamentable part of the travelerâs tale.
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AFP/File - Canada's finance minister called on wholesalers and retailers on Tuesday to lower their prices to make them reflect the new strength of the Canadian dollar, which is now stronger than the US greenback.
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As the dollar has slumped this fall, many investors have started to worry that people in Asia who own U.S. stock will be tempted to pare their holdings.
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Another indication of lacklustre job creation in the United States is likely to keep stock markets static this week, but the Canadian dollar could get a boost if the Bank of Canada decides to hike interest rates tomorrow.
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With the dollar near its lowest rate ever against the euro, many Europeans are looking at the United States as a cheap place to flex their strong currency.
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CHICAGO (CBS.MW) - The US dollar&#39;s biggest gain came against its Canadian counterpart on Friday, as Canadian inflation data raised doubts about the scope of interest-rate hikes there.
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Foreign investors are buying aggressively, taking advantage of American duress and a weak dollar to snap up relative bargains.
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So it has come to this for the tumbling U.S. dollar: It dropped below the Canadian dollar last week and is barely hanging on to parity now.
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TORONTO (CP) - The Canadian dollar was down nearly nine-10ths of a cent against the US dollar Wednesday afternoon after the price of oil fell and an economic report showed strong US growth in the third quarter.
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An unexpectedly weak reading for US consumer confidence pushes the dollar to a fresh low against the euro.
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New Yorkâs chic shopping districts seem to be teeming these days with foreign tourists taking advantage of the weak dollar. Foreign retailers are now joining them.