Brexit Will Be Harmful To Your Travel Plans

Impact on loonie could make travel more expensive.
Brexit Will Be Harmful To Your Travel Plans

If and when Brexit becomes a reality, Canadians could find themselves in a position where they're unable to travel as freely as they used to.

Apart from complex economic ramifications that would affect Canadian trade and investment, a British exit from the European Union could weaken the Canadian dollar to a point where travel might become too expensive.

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Brexit would, in effect, weaken the British pound and strengthen the US Dollar.

This would throw a spanner into any plans you might have had to go shopping down South.

However, all is not lost.

This might be an opportunity to broaden your scope in terms of travel. After all, shopping isn't the only reason one needs to travel, and the US isn't the only country in the world to travel to.

In short, Brexit might herald a perfect opportunity for a Euro Trip.

A weak pound would make it cheaper for Canadians to travel to the UK. As a Canadian, you might find yourself viewing, for the first time, British prices with a favourable eye.

In addition, if Brexit heralds a wave of similar national exits from the European Union, there might be enough economic turmoil for European businesses to offer discounted prices to tourists.