The cost of air travel continues to fall for Canadians. And fall fast. In its latest consumer price index report, Statistics Canada says the price of air transportation in Canada dropped 19.4% in October. According to Canadian Press, that follows a year-over-year drop of 21% in September, and 20% in August. A massive spike in air travel demand following the COVID-19 pandemic sparked a huge increase in air fares, so one could argue a course correction was due to happen. While data shows that airfares in Canada overall have normalized from an exceptionally strong 2022, “pricing remains above pre-pandemic levels Read more
Stats Can
Canadian residents returned from over 3.7 million trips abroad in August 2022, more than four times as many trips as were taken in August 2021. StatsCan says Canadian trips abroad were up 340.4% in August compared to last year. Still, the August 2022 figure was only 63.4% of the level in August 2019, before the COVID-19 pandemic. In the month of August 752,900 Canadian residents returned from visiting overseas, more than double from the same month in 2021 (341,700). During the same month, travel to U.S. increased six-fold over AUG 2021. StatsCan said the number of international arrivals to Canada Read more
