Ontario Tourism and the Rising Canadian Dollar Part 1: Ontario Tourism A)Tourism is an important industry in Ontario. According to the report Discovering Ontario, “The economic contribution of this sector, through tourism receipts of $22 billion, is significant”.The fact that tourism is such an important industry in Ontario means that threats to it need to be addressed or the entire economy of Ontario could be significantly harmed. One of the greatest threats to tourism in Ontario currently is the raising value of the Canadian dollar internationally. For example, in “Canadian Dollar reaches Parity with U.S. Dollar” Matthew Shane and Paul Sundell explain how the Canadian dollar has been increasing in value for years. In September 2007 it...The end:
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