Voices
"Without the Canadians, we would be bankrupt."
-Butch Boilard, owner, Delmar Hotel, Miami, FL
Read how the economic slowdown hasn't scared Canadians away from the Florida sun.
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Perspectives: The Travel Industry
Visa releases outlook for travel to Canada: Americans top the list
e-Turbo News
April 20, 2009
According to Visa Inc., tourism continues to drive economic growth worldwide, particularly travel to Canada. And visitors from the U.S. continue, by far, to be the largest contributors to tourism revenues in Canada. In 2008, US visitors spent $5.47 billion on Visa payments.
Read the Visa press release
How to avoid the passport crunch
Vancouver Sun
April 20, 2009
Canadians won't be skipping across into the U.S. by land or sea come June 1 without a passport or one of those fancy high-tech identification cards such as NEXUS or FAST or an enhanced driver's licence.
Information on travel document requirements for U.S. citizens is available here.
Cross-border travel shows promise
Hamilton Spectator
April 21, 2009
An increase in travel from the U.S. to Canada more than offset a decline in travel from overseas countries in February. Statistics Canada reports American travel to Canada jumped to 2.2 million trips in February, while Canadian residents made 1.5 million trips to the U.S.
Read the StatsCan report here and see figures and tables.
In The News
EnCana shifts focus to U.S.
Edmonton Journal
April 23, 2009
EnCana Corp., Canada's largest independent natural gas producer, said this year it will redirect $290 million toward its promising Haynesville leases on the Texas-Louisiana border. EnCana expects to produce at least half of its natural gas in the U.S. in the near future.
Canada's part in helping the U.S. auto industry
Forbes
April 22, 2009
The Canadian government has offered up to $3.2 billion in interim loans to help keep GM and Chrysler afloat. So far Chrysler Canada has taken $618 million, while GM has not taken any.
Forest industry has hit rock bottom
New Brunswick Telegraph-Journal
April 24, 2009
The leader of one of Canada's largest softwood lumber companies believes the beleaguered industry is at the bottom and predicts a "significant rebound" as a result of record low interest rates and cheap housing in the key U.S. market.
Glimmer of hope amid doom and gloom
Ottawa Sun
April 19, 2009
While there is still plenty of bad news for the Ontario economy, seasoned observers are seeing some faint signs of spring in the economy. The province’s economic fate is bound to that of the U.S., so any signs of improvement there is good news.
Innovation
The Waterloo Region: Canada's Technology Triangle
With one of the most diverse economies in North America, the Waterloo Region is a place of opportunity. Waterloo's Research in Motion invented the BlackBerry.
Publications
Tourism Intelligence Bulletin
Canadian Tourism Commission
A reduction in airfares could have a significant effect on leisure travel plans; however, the tourism industry braces for further declines, says a new report from the Canadian Tourism Commission. The study examines the implications of the economic downtrun on tourism.
Canada Claims Top Spot in Capital Access Index
The Milken Institute
For the first time Canada has been rated first in the Milken Institute's annual Capital Access Index (CAI), jumping from third last year to take the top spot from Hong Kong. The CAI tracks the ability of businesses and entrepreneurs to access capital around the world, assessing the performance of capital markets in 122 nations.
Blog
Canadian Firm Coming to Vermont, Creating Jobs
vt.Buzz
The firm coming to St. Albans is BEMAG Transformers of Farnham, Quebec. BEMAG has secured incentives from the local government, as well as the Vermont Economic Development Authority (VEDA) and estimates it will create 16 new jobs in 2009, and will ramp up to 43 workers by the end of 2011.
