Dollar another blow to tourism, RBC says - Canada

[dArKeR]

Don't expect Canada's battered tourism industry to make a comeback anytime soon, says a report from Royal Bank of Canada.

As the effects of the Sept. 11 attacks, the war in Iraq, the outbreak and then re-emergence of severe acute respiratory syndrome start to fade, the sky-high dollar will keep the number of tourists visiting Canada at anemic levels.

The bank sees depressed tourism-related spending to shave next year's GDP growth by 0.5 percent.

http://theglobeandmail.com/servlet/story/RTGAM.20030716.wbtourism0716/BNStory/Business/

http://www.geocities.com/darkerxdarker

[phgnome]

1. That's because

There's articles like this going around:
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=114&topic_id=172&mesg_id=172&page=

It's causing a surge in the demand for the CDN$ and many companies are buying the CDN$ to do business in Canada.