A new study by TD Economics says tourism spending in Canada is expected to grow at a modest 2-4% clip this year. Spending by U.S. visitors “is set to exert a drag on the overall tally this year. U.S. visits are falling amid trade tensions and economic uncertainty, with cross-border spending projected to decline by 5-10% this year,” the study said. “However, lower U.S. spending is expected to be offset by a rise in Canadian domestic tourism outlays as many residents redirect all or part of their travel budgets to the home market. Moreover, spending by non-U.S. international tourists in Read more
