As the cool air of November winds its way through Northern Ontario, the thoughts of many an old timer turn south, to the warm, sunlit shores of Florida. You could say, it’s a tradition, for those of us seasoned with more years than we’d care to admit. Now, my wife and I, like countless other Canadians, have always found solace in that winter migration—exchanging snow for sand, and ice for the gentle roll of the Gulf of Mexico. Sarasota, to be exact. But this year, as the leaves fell, so did the Canadian dollar.

In 2024, the loonie has faced its share of troubles, sliding nearly 5% against the ever-mighty U.S. dollar. It’s a dip that’s got more bite than the frost of an early Northern Ontario winter, and it’s bound to pinch the pockets of snowbirds everywhere—my lovely wife and me included. Just last week, we sat together at the kitchen table, sipping hot coffee and browsing rentals down south. I have to admit that the numbers made us pause. What once felt like a manageable expense now carried the weight of a few extra zeroes. It was as though someone had flipped the coin in ‘our favor’, only to find it landed on its head, staring us down with a challenge.

What’s behind this slide of the CAD? A few key ghosts linger in the shadows. First—the interest rate gap between the Bank of Canada and the U.S. Federal Reserve has been widening. Then, the BoC cut its rate to 4.25%, while the Fed keeps their’s higher, drawing investors like moths to a flame, with promises of better returns. Most of us know what those promises mean. It’s no wonder the US Greenback’s been flexing its muscle against the loonie.

Then there’s the sluggish pulse of our economy. Reports showed no growth in August and only a whisper of recovery in September—not exactly the kind of news to warm a retiree’s heart, that’s for sure. Add to that the dip in oil prices—a pillar for Canada’s export economy, it’s no wonder our currency has been backing down. And if that weren’t enough, political uncertainty here in Canada, is stirring the pot, making the CAD feel even more skittish.

So, how does this all trickle down for folks like me and my lovely wife, looking to follow the sun? Simple: those sun-soaked days come with a steeper price tag. Whether it’s the rental of a cozy bungalow, the fill-up at the gas station, or even the cost of a cool beer by the pier, well my wife hates beer so for her let’s add a glass of wine. Then there is the exchange rate, which is taking a bigger bite than we’d like.

But here’s the thing about us older folks. We’ve been through plenty of storms—recessions, hard knocks, and surprises we didn’t see coming. Resilience? Well, let’s just say, it’s part of who we are, sewn into those winter coats we’ve been wearing for years. So—we’ll tighten our belts, maybe skip that extra beer, or shave a few days off the trip, but we’ll still make our way south. Why? Because life isn’t just about counting every dollar and cent, nope not by a long shot, it’s about making memories and enjoying life as well—time waits for no man or woman. And I’ll be damned if I will let a dip in the CAD keep me from holding my wife’s hand, as we watch the sun sink behind the Gulf’s horizon.

So, to my fellow snowbirds: plan wisely, adjust where you must, and don’t forget the reason we make the journey. It’s not just to escape the cold, but to embrace the warmth—in the air, in the spirit, and in those moments that remind us why we keep coming back. And if anyone asks why you’re cutting back on those extra cool drinks under the palm trees, just smile and say, “At our age, we’re just pacing ourselves for the next 20 years of winter getaways.

“Thanks for stopping by my blog. Today, we’ve had around 20,840 folks come by, just like you. I appreciate each visit—it’s good to know my words are reaching real people out there. GW