Source Feed: The Globe and Mail
Author: Dayne Patterson
Publication Date: August 25, 2025 - 20:02
Americans are spending more money in Canada, but Canadians aren’t returning the favour
August 25, 2025
While Canadians have been choosing to keep their loon-crested dollars in the country, data suggest that Americans have been spending more money on tourism expenditures north of the border than in past years.
From January to March, U.S. residents spent about $2.5-billion in Canada on tourism-related expenditures such as accommodations, food and entertainment, a more than 27-per-cent increase from the same period last year, according to preliminary data from Statistics Canada released Monday. Most of those trips have been for personal reasons, up to $2.03-billion from $1.65-billion in the same time period.
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Statistics Canada is set to release its inflation figures for August this morning. A poll provided by Reuters shows economists expect the annual inflation rate rose to two per cent in August, from 1.7 per cent in July. Core inflation metrics, which are closely watched by the Bank of Canada because they strip out volatile categories, are forecast to remain around three per cent, the upper end of the central bank’s target range.
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