Local News

American spending in Canada up

8/29/2012

Americans are spending more in Canada than they have in almost 4 years.

New figures from Statistics Canada show US travellers spent $1.9-billion here in the 2nd quarter of this year.  That's a 1.3% bump over the 1st quarter & the highest amount since the end of 2008.

Spending by all foreign visitors to Canada was up 0.8% to $4.4-billion, the highest mark since the end of 2004.

The gains were offset though, by Canadians spending more of our dollars abroad

Stats Can says Canadians spent $8.5-billion outside the country in the 2nd quarter, up 1.5% from the 1st.  Canadians spent 1.3% more in the US.

Last week, Statistics Canada reported cross-border trips to the states jumped 7.5% in June to the highest level since 1972.

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