Canadian travel abroad drops to lowest level since 2010 - Action News
Home WebMail Tuesday, November 26, 2024, 05:56 AM | Calgary | -16.5°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Business

Canadian travel abroad drops to lowest level since 2010

Canadians took only 4.8 million trips to other countries in February, the lowest monthly total we've seen since October 2010.

Weak Canadian dollar has Canadians staying home, but foreign visits aren't up either

Canadians started taking fewer and fewer trips to the U.S. as the loonie's value against the U.S. dollar began to slide in 2014. (Pete Evans/CBC)

Canadians took only 4.8 million trips to other countries in February, Statistics Canada says,the lowest monthly totalwe've seen since October 2010.

The data agency reported that thedecrease was largely because of a big drop-off inthe number of same-day car trips to the United States, which were down 7.1 per centto twomillion trips. The volume of Canadians travelling to other countries outside the U.S., meanwhile,was relatively stable at 889,000 trips.

Travelling abroad certainly got a lot less appealing from a financial perspective during the monthbecause of the loonie, which was worth less than 80 cents US in February. In the same month a year earlier, the loonie was worth between 90 and 95 cents US.

At the same time as Canadians were staying home,travel to Canada from foreigners was relatively stable in February from a month earlier at2.2million trips.

46,000 visitors came from China during the month, an increase of 10 per cent. On the opposite end of the scale, only 24,000 Australians visited Canada in February, a decrease of 8.2 per cent.

More to come