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Road Warrior

Bearish Canadian currency fuels bullish travel environment

Harriet Baskas, Special to CNBC
Tourists watch beluga whales in northern Manitoba, Canada.
Source: Travel Manitoba.

If flying over Niagara Falls in a helicopter or coming face to face with a polar bear are experiences on a traveler's bucket list — but not necessarily in their budget — now may be the perfect time to visit Canada.

The Canadian dollar — also known as the Loonie — last year and is now hovering near 71 cents to the U.S. dollar. In January alone, the greenback added more than a percent against the Loonie.

That means that U.S. travelers heading north of the border for the extended Valentine's Day/Presidents' Day weekend, or perhaps for the NBA All Star Game (Feb. 12-14) in Toronto will find everything from dining, shopping and lodging to local attractions being offered at a discount of as much as 30 percent.

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Travel analysts say the falling exchange rate makes ski resort vacations in Canada especially appealing.

At exclusive resorts such as Vancouver's Blackcomb-Whistler, Revelstoke and Banff, "three-star hotel rooms for Presidents' Weekend can be booked for under $50 U.S. per night, which frees up money for lift tickets and meals," said Brian Ek, Priceline.com's travel analyst.

Arabella Bowen, editor-in-chief at Fodor's Travel, said that "multiday Banff lift tickets cost less than Tahoe at par, and you'll save even more with the exchange rate."