Article date: Feb 24, 2014
This article is showing how much money Canadians spend in cross border consuming and vacation spending. My article refers to snow birds as the people who migrate south, for all or a period of the winter. The majority of Canadians (80%) are just daily commuters, returning the same day from shopping or business. What was interesting to me is, the amount of money Canadians spent in Florida during 2012; this is the number one snowbird destination. The figure is $4.4 billion, and the "Toronto-Dominion bank says it expects Canadians will take three million
fewer trips to the U.S. this year and next. That's going to bring total
spending down by as much as $4.5 billion, the bank estimates"(CBCNews, 2014). So, if everyone who goes to Florida, could just stay home in Canada we could keep our spending locally. I know it's impossible to implement such a scenario, but it's strange when you see a deficit, and you are able to apply it to a corresponding industry/economy that could make up the difference.