Travel deficit rises to a record level

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Canadians spent a record $30.5 billion on their trips outside Canada in 2010, a 10.0% increase from 2009, while travellers from abroad spent $16.2 billion in Canada, up 4.2%—the first increase since 2007.

As a result, Canada's international travel deficit rose to a record $14.3 billion in 2010, up $2.1 billion from the previous year. This sixth consecutive increase largely resulted from a substantial rise in Canadians' spending while visiting the United States. Canada's travel deficit with overseas countries declined to $3.3 billion.

The travel deficit with the United States rose $2.3 billion to $10.9 billion—an all-time high. Canadian residents travelling in the United States spent $18.2 billion, up 15.3% from 2009. The Canadian dollar's 10.9% appreciation in 2010 to an annual average value of 97.1 U.S. cents may have contributed. Americans' spending while travelling in Canada rose 2.2% to $7.2 billion, the first increase since 2004.

Chart 31.3 Canada's international travel deficit
View data source for chart 31.3

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