(MONEY Magazine) – A weaker currency is good for travelers. Does the mere thought of Canada after Labor Day give you the shivers? This should warm you up: The Canadian dollar is trading at an all-time low to the American greenback, making our neighbor to the north a travel bargain. One American dollar recently bought $1.53 worth of Canadian currency. The effects:

Air-fare and hotel costs are lower. A round-trip plane ticket from New York or Boston to Montreal recently cost less than $200--about 20% cheaper than last year. And three nights in a first-class hotel like Montreal's Queen Elizabeth (514-861-3511) will cost you $388, about $150 less than what you'd pay for a comparable hotel in New York City, according to American Express Travel Services.

Canadian travel agencies are cheaper. To take full advantage of the American dollar's strength, book through Canadian agents like Rainbow Tour & Reception (905-357-4781) or the American Express Travel Center in Ontario (800-611-1100). It could save you 30% off the U.S. cost of packages and fares.

And the weather? Well, avoid the chilly Northwest Territories, but the south should be fine. Vancouver, 141 miles northwest of Seattle, shares that city's moderate temperatures. And Quebec City will make you feel as if you're in New England. But having 40% more purchasing power will remind you that, surely, you're not. --GALINA ESPINOZA