Canadians spent $3.3 billion less on travel to the United States in 2025 than the year before, as hostility from the Trump administration — including sweeping tariffs and the president's repeated suggestions of annexing Canada — triggered a sharp and sustained shift in travel behaviour, according to Statistics Canada (Canada's national statistics agency). Total Canadian spending on US travel fell to $18.8bn from $22.1bn in 2024, while spending on non-US international travel rose by $3.6bn, with visits to Europe up nearly 14% and visits to Asia up almost 17%. The agency described the drop in cross-border travel — which hit a peak decline of roughly one-third in July 2025, the steepest on record outside of the September 2001 attacks — as "the deepest and most sustained on record," and early 2026 data suggests the trend is continuing.