Canada's International Travel Deficit widens

Canada's international travel deficit widened from $3.2 billion in the second quarter of 2009 to a record high $3.3 billion in the third quarter.

The main contributor was a 0.8% decline in spending by foreign travellers in Canada between the second and third quarters to $3.7 billion, its lowest level in six years. At the same time, Canadians spent just over $7.0 billion travelling outside the country, a 0.1% increase.

Travel spending by foreigners in Canada has fallen by 15.1% since it peaked at $4.4 billion in the fourth quarter of 2004. This downward trend was the result of a drop in spending by American travellers in Canada.

Travel deficit with the United States declines

The travel deficit with the United States declined by $111 million between the second and third quarters to $2.2 billion.

This was the result of a 2.9% decline in travel spending by Canadians in the United States to $3.9 billion. This decline occurred despite a 2.5% increase in overnight trips to the United States.

Spending by American travellers in Canada decreased 0.4% to $1.8 billion, the lowest quarterly level in over 12 years. A 1.3% decrease in overnight travel from the United States contributed to the decline in spending.

Deficit with overseas countries tops $1 billion

Canada's travel deficit with overseas countries increased by $152 million to a record high of $1.1 billion in the third quarter of 2009.

An increase in travel spending overseas and a decrease in spending by travellers from overseas countries in Canada were responsible for the higher deficit.

Canadian travellers spent $3.1 billion in overseas countries, up 4.3% from the previous quarter, which was in part the result of a 2.9% increase in travel to countries other than the United States.

Spending by travellers from overseas countries fell 1.2% to $2.0 billion. A 4.4% drop in overnight travel from overseas countries contributed to the decline.

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