FINWIRES · TerminalLIVE
FINWIRES

Canadian Trips to The US Continue to Rise in June, but Are Significantly Lower Than Pre-Trump Second Presidency

By

Canadian-resident trips to the United States continued to recover in June but remained well below levels seen before Donald Trump's second presidential inauguration, according to Statistics Canada on Thursday.

Return trips from the US rose 5.0% year over year to 2.3 million, marking a third consecutive monthly increase after 15 straight months of declines, wrote Canada's statistical agency in a statement.

Despite the recent recovery, trips remained 24.6% below June 2024 levels, added StatsCan.

Overall, Canadian-resident return trips from abroad rose 3.6% year over year to 3.2 million in June, marking a third consecutive monthly increase. Return trips from overseas countries were broadly unchanged, edging up 0.2% to 906,400.

Travel to Canada continued to strengthen, according to the Ottawa-based agency. US-resident trips to Canada rose 6.1% year over year to 3.0 million, marking a fifth consecutive monthly increase. Overseas arrivals also increased 3.4% to 811,000, led by visitors from Europe, up 7.4%, the Americas excluding the US, up 8.5%, and Oceania, up 16.2%.

The surge in arrivals from Oceania marked the strongest June increase since 2010, excluding the pandemic period, coinciding with the soccer FIFA World Cup, when Australia and New Zealand each played three matches in Vancouver.

Related Articles

International

Consumer Inflation Expectations Up in August

Australian consumer inflation expectations rose by 0.2 percentage points in August to 4.9% after three months of moderating inflation expectations, according to the Melbourne Institute Survey of Consumer Inflationary Expectations released on Thursday.Wage expectations also increased in August, following a long period of stability, but more data is needed to assess the sustainability of the rise, the survey said.

ASX 200
International

People's Bank of China Maintains Loan Prime Rates in August

The People's Bank of China (PBOC) kept its benchmark lending rates steady at its monthly fixing on Thursday, matching the consensus forecast tracked by Investing.com.The one-year loan prime rate (LPR), which serves as the benchmark for most corporate and household loans, was held at 3.0%.Meanwhile, the five-year LPR, the reference rate for residential mortgages, was maintained at 3.5%.

Shanghai Composite^SZSE
International

Bank Indonesia Keeps Rates Unchanged

Bank Indonesia kept its key interest rates unchanged on Wednesday following the conclusion of its Board of Governors' meeting held Tuesday to Wednesday.The central bank left the seven-day reverse repurchase rate, or BI rate, unchanged at 5.75%, while also maintaining the deposit facility rate at 4.75% and the lending facility (LF) rate at 6.50%.Bank Indonesia said its decision was in line with efforts to strengthen the rupiah exchange rate stability amid the global volatility caused by the ongoing war in the Middle East.The central bank said the decision was also aimed at maintaining inflation within the target range in 2026 and 2027, and supporting sustainable economic growth."Bank Indonesia continues strengthening policies to maintain adequate liquidity in the money market, banking industry and economy, consistent with achieving the inflation target," the statement said.

^JKSE