Grandparent scam: London, Ont., senior beats fraudsters not once, but twice
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
High inflation and a strong U.S. dollar will weigh heavily on Canadian snowbirds this winter, experts say.
As the cold months approach, Snowbird Advisor president Stephen Fine said some snowbirds are opting for a shorter travel period or eyeing different destinations due to the rising cost of everything combined with a weak Canadian dollar.
Snowbirds will have a lot more to consider this coming winter as the price of accommodation, groceries and dining out have all risen, Fine said.
He also said that snowbirds may opt for more cost-effective destinations outside of the U.S., including Mexico, Costa Rica and Belize and do a four-month stay rather than the typical six.
President of insurance provider Travel Secure Inc., Martin Firestone said that the low performing Canadian dollar will impact those who typically fly south for the winter the most out of all travellers.
However, not all experts agree as the Canadian Snowbird Association director of research and communications, Evan Rachkovsky said that he expects a near-full post-pandemic recovery in the number of snowbirds who travel south this winter.
"If we look back to the late 1990s and early 2000s, the Canadian dollar was trading at 62 to 63 cents against the US dollar, and Canadian snowbirds at that time continued to travel south, and we expect more of the same this season," said Rachkovsky.
While domestic flights remain strong, there has been a slight decline in the number of Canadian flights to the U.S. that is expected to continue this season, in part, due to the strong U.S. dollar, said Helane Becker, an analyst for banking firm Cowen.
It is not only travel to the U.S. that will be impacted however, as Firestone said that Canadian travellers will likely notice the affects of inflation wherever they go.
"If anything is going to be impacted it is going to be the discretionary spending of snowbirds when they're stateside," said Rachkovsky.
The Canadian dollar traded for 72.85 cents US at the close of markets Tuesday.
This report by The Canadian Press was first published Sept. 28, 2022.
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
The deaths of four people on a farm near the Saskatchewan village of Neudorf have been confirmed a murder-suicide.
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
The Parole Board of Canada has granted full parole to one of three men convicted in the brutal murders of three McDonald's restaurant workers in Cape Breton more than 30 years ago.
Nearly 20 hours after a man climbed and remained perched on top of the Reconciliation Bridge in downtown Calgary, the situation came to a peaceful resolution.
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
Genetic analysis has shed light on a long-standing mystery surrounding the fates of U.S. President George Washington's younger brother Samuel and his kin.
A spokesman for a regional Muslim advocacy group says Conservative Leader Pierre Poilievre's stance on the Israel-Hamas war could complicate his party's relationship with Muslim Canadians.
Former U.S. President Donald Trump is officially selling a copy of the Bible themed to Lee Greenwood’s famous song, 'God Bless the USA.' But the concept of a Bible covered in the American flag has raised concern among religious circles.
B.C. conservation officers recently seized a nine-foot-long Burmese python from a home in Chilliwack.
A New Brunswicker will go to bed Thursday night much richer than he was Wednesday after collecting on a winning lottery ticket he let sit on his bedroom dresser for nearly a year.
The Ontario government is introducing changes to auto-insurance, but some experts say the move is ill-advised.
A Toronto restaurant introduced a surprising new rule that reduced the cost of a meal and raised the salaries of staff.
Newfoundland’s unique version of the Pine Marten has grown out of its threatened designation.
A Toronto man is out $12,000 after falling victim to a deepfake cryptocurrency scam that appeared to involve Prime Minister Justin Trudeau.
It started small with a little pop tab collection to simply raise some money for charity and help someone — but it didn’t take long for word to get out that 10-year-old Jace Weber from Mildmay, Ont. was quickly building up a large supply of aluminum pop tabs.
There’s a group of people in Saskatoon that proudly call themselves dumpster divers, and they’re turning the city’s trash into treasure.
Ontario is facing a larger than anticipated deficit but the Doug Ford government still plans to balance its books before the next provincial election.