Canada's travel account deficit (1980-1997): Cause for concern? - ARCHIVED

Articles and reports: 87-003-X19990014219


In the first half of 1998, Canada's travel account deficit reached a ten year low of $3 billion, down almost 18% from the same period in 1997. This is a positive sign. But, it should be recognized that Canada's travel account does not measure the financial health of its tourism industry. Canada's travel account simply measures the difference between earnings from visitors travelling in Canada and spending by Canadian residents travelling abroad.

Issue Number: 1999001
Author(s): Bailie, Gerald; Hince, Anne-Marie; Strizzi, Nicolino

Main Product: Travel-log (Touriscope)

FormatRelease dateMore information
PDFJanuary 11, 1999