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Story perspectives

Canadian Travel Down 42%, Yet US Investment Tops 1990 Record

5/13/2026

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Story summary
  • Canadian visits to U.S. cities fell about 42% in 2025, per University of Toronto cellphone data.
  • Las Vegas saw a 17.4% drop, falling to just under 1.2 million Canadian tourists in 2025.
  • Dallas and Grand Rapids recorded declines of nearly 50% and 53% in Canadian visitors in 2025.
  • Canadians invested $59.9 billion CAD ($43.3 billion USD) in U.S. equities and debt from January to May 2025, the largest YTD total since 1990.