The number of Canadian tourists visiting the U.S. has taken a significant hit, potentially resulting in a $6 billion economic loss for the year, as per reports.
What Happened: The number of Canadians traveling to the U.S. has seen a notable decline. According to Statistics Canada, road trips—which make up the bulk of Canadian visits—dropped by 32% in March compared to the same month in 2024. Air travel also fell, with a 13.5% decrease reported.
This downturn marks the third straight month of significant declines in Canadian car travel to the U.S., following a 23% year-on-year decline in car travel and a 2.4% reduction in air travel in February. This trend started after President Donald Trump announced tariffs and referred to Canada as “the 51st state”.
Moreover, the ‘Buy Canadian‘ movement, which started in response to President Trump’s tariff threats, has been gaining momentum since early 2025. This movement, which encourages Canadians to buy from domestic brands rather than American brands, has begun to impact many U.S. retailers.
According to Reuters, Canada imported $350 billion worth of U.S.-made goods in 2024, making it the United States’ top trading partner. If the boycotts persist, brands risk losing billions of dollars in sales this year.
The shares of United Airlines plunged more than 11% over the past month, while Delta Air Lines stock lost nearly 24% over the last six months, according to data from Benzinga Pro.
- READ MORE: Andrew Yang Wonders, ‘If Something Goes Down 10% And Then Up 10%, Are You Back Where You Started?’
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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