Grocery prices are set to rise as the Canadian dollar drops. (Photo: Getty)Grocery woes: A cheaper Canadian dollar means higher grocery prices as the loonie buys less of the food we import, especially from the United States. Eating Canadian won't just bolster local farmers — it could help you save money. Travel and tourism: Canadians now have an economic incentive to plan a staycation in the Great White North, with foreign exchange rates making it far more pricey to vacation in the U.S. and elsewhere. Canada, however, may get an influx of foreign visitors taking advantage the lower loonie. Foreign investment: Aside from tourism, the low loonie is expected to increase some forms of foreign investment in the Canadian economy. And expect to see a lot more of Toronto and Vancouver on the big screen as Canadian productions of Hollywood films is expected to tick up.
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