Chinese Tourists and Canadian Dollars

Canada: In January, Chinese applications for visas to Canada climbed 51 per cent over last January, rising to roughly 15,000 in a month that is typically among the year slowest for visa requests, according to Globe and Mail. The rise comes as a sudden boost in Chinese buying power combines with domestic economic weakness to prompt growing interest in Canada from Chinese tourists, investors and homebuyers. Armed with a currency that buys 12 per cent more Canadian dollars than six months ago, Chinese travellers and businessmen are clamouring for visas to cross the Pacific. More Related to this StoryCanadian food products ‘off the radar’ for Chinese consumers, report saysBusiness Briefing Outlook for the Canadian dollar: Lower for longerChina will find playing the easy money game is not so easy An employee works at a steel factory that exports to Europe and America in Jiaxing, Zhejiang province, in this February 28, 2013 file photo. The developer has sold three fully furnished show homes, and is now working on a concierge division to handle such things as stocking cupboards with pots and pans and towels. Reuters economyVideo: China economy grows at slowest pace in 24 years The Globe and Mail VideoVideo: As China gets richer, retirement there gets sunnier A British Pacific Properties townhouse sold with all furnishings included. (www.immigrantscanada.com). As reported in the news.