There used to be a 0% chance of being tossed on a plane and deported somewhere else in the world when visiting the US. That chance is now non-zero, which is an unacceptable level of risk for many.
That and everything else going on. There's a reason Canadians have stopped traveling down south...
Meanwhile, total spending in the US from int'l visitor tourism is up in the US (see: https://www.hotel-online.com/press_releases/release/internat...).
Honestly, I think macro factors -- namely, poor Canadian household finances due to increasing cost of living and declining real incomes in Canada coupled with a strengthening US dollar against the Loonie -- are what are killing tourism from CAN to US right now.
I firmly disagree.
There are plenty of other places to travel is the rationale. besides, if a strong greenback was the reason for decrease of leisure, wouldn’t it also be responsible for a decrease in business travel, too? Certainly businesses are also bound to macroeconomic shifts.
> There are plenty of other places to travel is the rationale. besides, if a strong greenback was the reason for decrease of leisure, wouldn’t it also be responsible for a decrease in business travel, too? Certainly businesses are also bound to macroeconomic shifts.
Canada has shockingly little choice when it comes to trade partners. They are literally physically attached to the US and trade is much simpler when working with the US, whether Canada likes it or not. CETA hasn't yet been ratified; Canada has bungled trade with China since harper; Mexico is at best a cheap labor destination that can replace India for Canada. The only real staying power Canada has is exporting raw materials, and even that effectively turns Canada into a resource extraction colony. That's not a happy ending, either.
Canadian businesses have fewer options than many would like to admit, so it makes sense they are keeping up their economic activity with the US.
July 2024 through Jan 2025, the YoY numbers are always in the 7%-9% range. Averages to 7.7% across those months.
Feb 2025 to July 2025, there's only a single month (April) in that range. We've got 2 months at 1% YoY growth, one break even, and two negative. Those months average out to about 0.7%. If you include Jan 2025 to align to the calendar year 2025, you get 1.57%, which seems to be the number that becomes 'nearly 2 percent' in the text under the chart.
While it is still positive growth, it's 20% of the YoY growth trend for several months heading up to 2025. If you take out Jan 2025 (2/3 of which Trump was not yet president), it's only 10%.
The number of international arrivals is down YTD (-3%): https://www.trade.gov/i-94-arrivals-program
You are disingenuous and spreading a false narrative. Look at that graph's growth numbers. Look at it.
9,8,7,7,8,8,7, Trump takes office, 1, -5, 8, 1, 0, -1. 6mo average from 7.5 to 0.6%.
A seven percent drop to near a zero average propped up by one historic looking value. But 0.6 _is_ "up" so you can be technically correct.