Visitors stay home as travel deficit hits record: Statscan

Canada’s international travel deficit widened to a record high $3.3 billion in the third quarter from $3.2 billion in the second.

Canada’s international travel deficit widened to a record high $3.3 billion in the third quarter from $3.2 billion in the second.

Statistics Canada reports the main contributor was a 0.8 per cent decline in spending by foreign travellers in Canada between the second and third quarters to $3.7 billion, its lowest level in six years. At the same time, Canadians spent just over $7 billion travelling outside the country, a 0.1 per cent increase. Travel spending by foreigners in Canada has fallen by 15.1 per cent since it peaked at $4.4 billion in the fourth quarter of 2004 — the result of a drop in spending by American travellers in Canada.

The travel deficit with the United States declined by $111 million between the second and third quarters to $2.2 billion. This was the result of a 2.9 per cent decline in travel spending by Canadians in the United States to $3.9 billion.

Spending by American travellers in Canada decreased 0.4 per cent to $1.8 billion, the lowest quarterly level in over 12 years. Canada’s travel deficit with overseas countries increased by $152 million to a record high of $1.1 billion in the third quarter. An increase in travel spending overseas and a decrease in spending by travellers from overseas countries in Canada were responsible for the higher deficit.

Canadian travellers spent $3.1 billion in overseas countries, up 4.3 per cent from the previous quarter.

Just Posted

Walmart experiments with AI to monitor stores in real time

LEVITTOWN, N.Y. — Who’s minding the store? In the not-too-distant future it… Continue reading

Precision Drilling reports first-quarter profit, revenue up from year ago

CALGARY — Precision Drilling Corp. says it earned a profit in its… Continue reading

Federal government offers provinces 50/50 split on abandoned bus-route service

VANCOUVER — The federal government will split funding for bus service on… Continue reading

Manitoba files separate court action over federal carbon tax, seeks review

WINNIPEG — The Manitoba government has filed its own court challenge of… Continue reading

Cast your votes for the Best of Red Deer

Nominations for the Best of Red Deer Readers’ Choice Awards are officially… Continue reading

Bishop now the Stars goalie trying to beat Blues in playoffs

Ben Bishop grew up rooting for the St. Louis Blues before being… Continue reading

Nashville gets its chance to step up for NFL draft

NASHVILLE — Broadway in downtown Nashville is as lively a place as… Continue reading

The Cranberries, still in mourning, return for the last time

NEW YORK — Whether or not there would be a final Cranberries’… Continue reading

Dance studio owner in dispute with Burton Cummings fined for noise ticket

MOOSE JAW, Sask. — The owner of a dance fitness studio who… Continue reading

Gardening: Time and effort key to buying garden plants

Greenhouses, garden centers and box stores are set to start selling bedding… Continue reading

Montreal native Nicholas Latifi off to solid start on Formula 2 race circuit

Practice makes perfect for Canadian Nicholas Latifi. The 23-year-old Montreal auto racer… Continue reading

Bruins victory over Leafs ensures an American team will hoist the Stanley Cup

TORONTO — Many NHL players were either not yet born or too… Continue reading

Most Read