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Strategies & Market Trends : Items affecting stock market picks

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From: russet	9/11/2025 2:18:22 PM
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Globe says Air Canada sees U.S. boycott strong as ever 2025-09-11 07:14 ET - In the News Also In the News (C-ONEX) Onex Corp The Globe and Mail reports in its Thursday edition that Canadian travellers held strong to their boycott of travel to the United States right to the end of the summer, blowing a sizable hole in the U.S. tourism sector, the latest data from Statistics Canada show. The Globe's Jason Kirby writes that in August, the number of Canadian residents returning by vehicle from the U.S. plunged 33.9 per cent year-over-year to 1.9 million, while the number of residents returning by air fell 25.4 per cent to 423,000. Taken together across the peak summer travel period of June to August, Canadians made three million fewer trips to the U.S., a 33.1-per-cent year-over-year decline. Based on the $695 that Canadians spent on average on trips to the U.S. during the second and third quarters of 2024, the boycott amounts to a $2.1-billion hit to the U.S. travel sector over the summer. The Canadian travel backlash has hurt key U.S. tourism destinations, notably Las Vegas. The latest numbers for the city's Harry Reid airport show 29.6 per cent fewer passengers arriving on Air Canada and WestJet in July compared with the same month last year. Las Vegas Mayor Shelley Berkley told Canadians: "Please come. We love you, we need you, we miss you." © 2025 Canjex Publishing Ltd. All rights reserved.

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