The American sunbelt is expected to feel a chill this winter from Canada's weakened economy and a loonie that's lost more than a quarter of its value in the past couple of years.
Overnight cross-border travel was down about nine per cent in the first nine months of the year over the same period last year, but more Canadians are likely thinking twice about forays to top destinations in Florida, Arizona, California and Texas this winter given the Canadian dollar is expected to drop even further.
TD Bank's chief economist Derek Burlton says "Clearly there's going to be some hurt in some of the traditional snowbird markets."
The bank is predicting the Canadian dollar will fall to about 71 cents US before recovering somewhat to 80 cents in the next couple of years.