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Weakened Canadian dollar leads 79% of Canadians to plan cuts in holiday spending, survey shows.
The weak Canadian dollar, hovering near 70 cents US, is prompting many Canadians to cut back on holiday spending, including vacations, according to a BMO survey where 79% of respondents plan to reduce holiday expenses.
Travelers are economizing by opting for cheaper transportation, reducing dining out, and using travel credit cards that waive foreign transaction fees.
Snowbirds are also expected to cut back on discretionary spending due to the weakened currency.
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Un dólar canadiense débil lleva al 79% de los canadienses a planificar recortes en el gasto vacacional, según la encuesta.