The Peak Daily

Travel bug 🪲- Canada records all-time summer tourism numbers, Carney meets with Xi.

Oct 31, 2025
Canada has shattered summer tourism records, raking in a stunning $59 billion thanks to both local and international travelers. Meanwhile, Prime Minister Mark Carney's upcoming meeting with Xi Jinping aims to rejuvenate Canada-China relations, with discussions on crucial issues like EV tariffs and trade restrictions. Additionally, the U.S. Senate is considering a bill to nullify Trump's tariffs on Canada, while OpenAI gears up for a massive IPO that could reach $1.7 trillion, and Universal announces plans for an AI music platform.
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ANECDOTE

Halloween, Hockey And Candy Run

  • Jay Rosenthal describes juggling kid's hockey and Halloween candy while still making time for the game.
  • The anecdote illustrates everyday Canadian family life amid holiday and sports commitments.
INSIGHT

Canada's Record Summer Tourism Surge

  • Canada recorded a record $59 billion in tourist spending between May and August driven by domestic travel.
  • Hotel occupancy hit 80.7% in August and 89% of provinces saw year-over-year tourism spending growth.
INSIGHT

Shifting International Travel Patterns

  • Canada benefited from weaker U.S. inbound travel as U.S. international air travel fell 7% from 2024.
  • Canada saw a 9.2% rise in overseas visitors, with Europe and Asia fueling the gain.
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