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Travel deficit up $91 million in Q2: StatsCan

Published on August 29, 2012
Published on August 29, 2012
Topics :
Statistics Canada , OTTAWA , United States , Canada

OTTAWA - Statistics Canada says the country's international travel deficit rose by $91 million to $4.2 billion in the second quarter, as higher spending by Canadians abroad offset spending by foreigners here.

The agency says Canadians spent $8.5 billion outside the country in the second quarter, up 1.5 per cent from the first quarter.

Meanwhile, spending by foreign visitors increased 0.8 per cent to $4.4 billion, the highest level since the fourth quarter of 2004.

The travel deficit with the United States increased by $45 million to $3.3 billion in the second quarter, as Canadians spent 1.3 per cent more south of the border.

American travellers spent $1.9 billion in Canada, up 1.3 per cent from the previous quarter and the highest amount since the fourth quarter of 2008.

Canadian travellers overseas spent $3.4 billion in the second quarter, up 1.7 per cent from the previous quarter, while spending by overseas visitors rose 0.4 per cent to $2.5 billion.

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© Canadian Press

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