This podcast focus on a significant decline in Canadian travel and spending in the United States, largely fueled by rising political tensions and the threat of trade tariffs initiated by President Donald Trump. Data indicates substantial drops in border crossings, credit card spending in U.S. cities like Kalispell, Montana, and booking cancellations, leading to billions of dollars in projected losses for the American tourism industry. In response, many Canadians are adopting a "Buy Canadian" movement and redirecting their travel to domestic and other international destinations like Mexico, Japan, and European countries, which are seeing considerable increases in Canadian visitor spending. U.S. businesses are reacting to the downturn with targeted welcome initiatives to lure Canadian visitors back, while surveys show Canadians are less comfortable traveling south, citing reasons like safety concerns, invasive new border requirements, and a desire to support their own country.
Disclaimer: This podcast by kavout.com is for informational and educational purposes only and does not constitute investment advice. All opinions are those of the hosts and guests. Please consult a qualified financial advisor before making any investment decisions.
