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Foreigners spending more money in Canada

Meantime, Canadians spending less money abroad


 

According to Statistics Canada, Canada’s international travel deficit fell by $235 million between the second and third quarter. The agency says the deficit dropped to $3.4 billion from $3.7 billion, its highest level ever. Spending by foreigners rose 2.3 per cent to $4.1 billion. Canadians spent less abroad—down 1.8 per cent to $7.5 billion. American visitors spent $1.8 billion here, a jump of 1.2 per cent from the second quarter. Canadians, meanwhile, spent $4.4 billion visiting the United States, a drop of 4.9 per cent from the previous quarter. Spending by Canadians in countries other than the United States reached a record high of $3.2 billion in the third quarter, an increase of 2.7 per cent from the previous quarter.

Toronto Star


 
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Foreigners spending more money in Canada

  1. Dear Canadians – Can you please buy Arizona and make us a colony? That would solve part of the imbalance, since Canadian visitors would be visiting another part of Canada. With the strong Loonie and a non-insane fiscal policy you can buy anything you want.

    Our central government hates us and sues us all of the time anyhow. We want to be Canadians now. If you don't wish to buy Arizona, you may invade and conquer us. If you do not wish to invade, we will attack ourselves and surrender to Canada.

    For your act of kindness, you will get a hockey team that used to be called the Jets. Plus, you will get the oldest professional football team in North America, besides the Argonauts. See alternatives regarding colonization at http://www.disunderstand.com . Thank you in advance for your thoughtfulness.

  2. I do not understand why Canadians wish to shop in America. Their clothes when not overpriced are cheaply made and fall apart after one wash. I'd rather spend the 20% more HERE and buy some pants that will last me a couple years and not be ill-fitting.

  3. I wonder if they accounted for the changing value of the Canadian dollar in this report. With a rising Canadian dollar American's would naturally spend more money in Canada now, and Canadians less in the US even if we purchased the same amount of goods as last year.

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