Your loonie can get you further in these vacay spots

Believe it or not, the loonie is still valuable in some parts of the world. Sure, maybe not in Florida, since the Canadian dollar has dropped by 1% against the U.S. dollar over the last year, but there are destinations where the loonie comes out on top. Take Japan, for example, where the loonie has surged about 12% against the yen in the past year, offering more bang for your buck. People are taking advantage of this — 123,367 Canadians visited Japan in the first three months of 2024, a 66.4% increase from last year. Another great destination is Argentina, where the Canadian dollar has soared by 288% against the local currency in the past year. While Japan and Argentina are well-known examples, there are other lesser-known destinations where your loonie goes further. In Turkey, the Canadian dollar has increased by about 59% in the last year, and the dollar is up around 7% against the Indonesian rupiah. So, cancel your trip to Florida and consider a locale where your dollar means a lot more.