Silly statements on the news.
The Bayshore and Hyatt in Vancouver are complaining that the high Canadian Dollar is a cause of their declining guest list. All year 2-person rate at the Westin Bayshore is $480. People who can afford that don't worry about the rate. The Hyatt rates are more affordable, but still above what the frugal traveler would look for.

Let's say the cost of a $5.00 breakfast goes up 10%. Would the extra 50 cents stop you?

The post-9-11 hassles at the airport and the need for more documentation do much more to cause vacationeers to stay in their own backyards than reasonable fluctuations in currency.

(And perhaps unfriendlies in the stores, vacation sites and hotels?)