Canadian Tourism to the U.S. Plunges in 2025—and These States Are Impacted the Most
Canadians returning to the country by automobile from the U.S. declined 33.1 percent in June. In 2024, Canadian tourism generated $20.5 billion in spending.States across America are suffering from a steep decline in Canadian tourism following a tumultuous first half of 2025.
Canadians returning to the country by automobile from the United States declined 33.1% in June, compared to the same time last year, according to Canada's national statistical agency. And Canadians returning from the U.S. by air dropped 22.1 percent. In fact, the agency said June was the sixth consecutive month of year-over-year automobile declines.
The dip in Canadian tourists follows a turbulent political year that saw President Donald Trump campaign to make the country the '51st state." In February, then-Prime Minister Justin Trudeau called for Canadians to not spend their money on vacations in the U.S, instead asking them to "choose Canada" and change their "summer vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites and tourist destinations our great country has to offer," according to The New York Times.
As of April, advance bookings for flights from Canada to the U.S. between April and September were down more than 70% compared to the same time last year, according to Axios, citing statistics from aviation data firm OAG.
Even just a small dip in tourism could be very costly since Canadian travelers typically account for the highest number of international visitors to the U.S., according to the U.S. Travel Association. In 2024 alone, a total of 20.4 million Canadians visited the country, generating $20.5 billion in spending. A 10 percent reduction in visitor numbers, for example, would equate to a potential loss of $2.1 billion.
Some states will likely suffer more than others—Florida, California, Nevada, New York, and Texas tend to be the most popular states for Canadian visitors—but others have started to feel the crunch as well. In New Hampshire, which borders the eastern part of Canada, officials are seeing a dramatic drop in Canadian tourism.
"Absolutely, the Canadian numbers are lower this year, for sure," Taylor Caswell, New Hampshire's commissioner for business and economic affairs, told local WMUR-TV. "They're running at about 30 percent underneath what we've seen in prior years."
In Montana, credit card transactions have shown the impact of fewer tourists. Spending by Canadians in Kalispell, in the western part of the state, has decreased by an average of about 37 percent per month from January to April, Diane Medler, the executive director of Discover Kalispell, told NBC Montana. In nearby Whitefish, Canadian credit card spending has dropped 25 percent through the month of May, Zak Anderson, the executive director at Explore Whitefish, told the network.
But not everyone is giving up. In September, for example, New Hampshire is planning its own trade delegation visit, WMUR-TV reported. "We're going to continue to focus on our relationships with Canada, which are quite important," the state's Gov. Kelly Ayotte said, according to the network.
Read the original article on Travel & Leisure
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
Flexible Business Line of Credit Demand Surges in 2025 as ROK Financial Expands Small Business Funding Solutions
ROK Financial reports rising interest in flexible business lines of credit as small and mid-sized companies seek faster, more adaptable funding options in 2025. New York, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Small Businesses in 2025 Choose Flexible Business Line of Credit Solutions as ROK Financial Expands Funding Options A growing number of small and mid-sized businesses are rethinking how they access working capital in 2025. With market conditions shifting and operational costs rising, many owners are turning to the business line of credit as a preferred financing option. This revolving funding solution offers flexibility, speed, and control—three qualities that have become essential in today's fast-moving business environment. Industry reports show a steady increase in applications for lines of credit over the past 18 months, signaling a broader trend toward adaptable, on-demand financing over traditional term loans. ROK Financial has recently expanded its offerings to include streamlined and , giving business owners more ways to access capital alongside flexible credit lines. The Growing Role of Flexible Financing for SMBs Small and mid-sized businesses are increasingly navigating unpredictable revenue cycles, rising supplier costs, and shifting customer demand. In this environment, having access to funds when they are needed most has become a strategic advantage. A business line of credit offers that flexibility, allowing owners to draw on an approved limit, repay on their own schedule, and re-access funds without starting a new application process each time. Unlike a traditional loan that delivers a fixed lump sum, a business line of credit operates more like a safety net—ready to deploy for opportunities and challenges alike. Retailers use it to secure seasonal inventory before peak demand, service companies tap into it to bridge invoice gaps, and manufacturers rely on it to fund urgent equipment repairs without disrupting production schedules. Industry analysts point out that the rise in demand for revolving credit products is tied directly to a broader shift in small business financing preferences. More owners are prioritizing speed, control, and repayment flexibility over fixed, one-time loan structures. This preference is expected to intensify as businesses seek to stay agile in competitive markets. For business owners who want to explore flexible funding options, resources like can provide detailed guidance on eligibility, use cases, and how to align financing with operational goals. What Is a Business Line of Credit? A business line of credit is a flexible form of financing that allows a company to access an approved amount of funds on demand. It operates similarly to a credit card, where the business can withdraw money as needed, repay it, and then use the available credit again. Interest is charged only on the amount drawn, not on the total limit, making it a cost-effective tool for managing short-term expenses or capitalizing on time-sensitive opportunities. This type of financing is commonly used to cover payroll during slow months, purchase inventory ahead of seasonal peaks, or handle unexpected expenses without disrupting day-to-day operations. Because it is revolving, a business line of credit can serve as a reliable financial buffer, ensuring that capital is available whenever it's required. For those looking to understand how this financing option works in practice, offers a detailed breakdown of the process, from application requirements to potential use cases. Key Benefits of a Business Line of Credit A business line of credit offers several advantages that make it an attractive choice for companies seeking flexible financing. While the exact benefits can vary depending on the lender and the business's needs, there are core advantages that consistently set this product apart from other funding options. Cash Flow Stability One of the most valuable benefits of a business line of credit is its ability to help maintain steady cash flow. Seasonal fluctuations, delayed customer payments, or unexpected expenses can create financial gaps. Having a revolving credit source allows business owners to bridge these gaps without pausing operations or delaying growth initiatives. Seasonal and Cyclical Funding Many industries face predictable cycles throughout the year. Retailers prepare for holiday surges, tourism operators gear up for peak seasons, and construction companies handle weather-related slowdowns. A business line of credit ensures that these businesses can invest in inventory, staffing, or marketing ahead of demand, knowing they have the resources to cover upfront costs. Quick Access to Capital Speed matters in business. Unlike traditional loans that may take weeks to fund, a business line of credit can provide access to funds within days—or even the same day in some cases once approved. This agility is critical for seizing time-sensitive opportunities such as purchasing discounted equipment, responding to competitive offers, or fulfilling large customer orders. Flexible Repayment Structure A business line of credit allows repayments to be tailored to the business's cash flow. In slower months, businesses can pay the minimum due, while in more profitable months they can pay down the balance faster. This flexibility makes it easier to manage debt without straining operations. To see how these benefits might apply to your specific situation, visit for a detailed guide on aligning funding solutions with business objectives. Business Line of Credit vs Other Financing Options Choosing the right financing tool often comes down to comparing how each option works, the cost of borrowing, and the level of flexibility offered. A business line of credit stands out because it provides ongoing access to funds, but it is not the only choice available to small business owners. Beyond credit lines, ROK Financial offers a range of funding solutions, including and , so owners can select the structure that best fits their goals. Business Line of Credit vs Term Loans A term loan delivers a lump sum of money upfront, with fixed repayment schedules over a set period. This structure works well for one-time investments such as buying property, launching a major marketing campaign, or purchasing long-term equipment. In contrast, a business line of credit is designed for ongoing needs. Funds can be withdrawn multiple times and repaid on a flexible schedule, making it ideal for managing cash flow or handling repeated short-term expenses. Business Line of Credit vs Credit Cards While both are revolving credit products, business credit cards often carry higher interest rates and may have lower limits compared to a business line of credit. Credit cards can be convenient for everyday purchases, but a line of credit typically offers more favorable repayment terms and the ability to withdraw cash directly for operational costs. When to Choose a Business Line of Credit A business line of credit is most effective when the goal is to maintain financial flexibility. It's suited for situations where expenses are unpredictable or when opportunities arise unexpectedly. Having an established credit line means the business can act quickly without going through a lengthy approval process each time funds are needed. For a side-by-side comparison of how this financing option stacks up against others, visit to explore rates, structures, and repayment flexibility. Qualification Requirements in Today's Market While specific terms vary by lender, most business lines of credit share common qualification benchmarks. Understanding these standards can help owners prepare before applying and improve their chances of securing favorable terms. Time in Business Many lenders prefer to work with companies that have been operational for at least six months to a year. This track record demonstrates stability and provides a clearer picture of the business's financial performance. Established businesses with several years of operating history may qualify for larger credit limits and more competitive rates. Revenue Benchmarks Typical requirements call for a minimum of $10,000 in monthly gross sales, or approximately $120,000 annually. This ensures the business has consistent income to support repayment. Seasonal companies can strengthen their application by showing multi-year sales records that prove recurring revenue patterns. Credit Score A FICO score of 600 or higher is often the baseline for eligibility. Higher credit scores can improve the likelihood of approval and unlock lower interest rates, though some alternative lenders may consider applicants with lower scores by reviewing additional factors such as cash flow and collateral. Other Considerations Lenders may also evaluate the business's industry, current debt obligations, and overall financial health. Providing accurate, up-to-date documentation such as tax returns, bank statements, and accounts receivable reports can streamline the review process. For a detailed overview of current qualification standards and lender expectations, visit to see how your business profile aligns with available funding programs. The Application Process Explained Applying for a business line of credit can be a straightforward process when you know the steps involved. While each lender may have its own procedures, most applications follow a similar path from initial inquiry to funding. Step One: Initial Assessment The process often begins with a short online form that collects basic business information such as legal name, years in operation, monthly revenue, and credit score range. This preliminary step helps determine whether the business meets general eligibility requirements. Step Two: Document Submission Once initial criteria are met, lenders request supporting documents to verify financial stability. Common requests include recent bank statements, business tax returns, accounts receivable reports, and a copy of the owner's identification. Providing accurate documentation up front can speed up the review process. Step Three: Underwriting Review During underwriting, the lender evaluates the business's ability to repay the credit line. This includes reviewing financial statements, analyzing cash flow patterns, and checking credit history. The underwriting phase is where limits, rates, and terms are determined. Step Four: Offer and Acceptance If approved, the lender presents a formal offer outlining the credit limit, repayment terms, and interest structure. Business owners can review the offer, ask questions, and accept if the terms align with their needs. Step Five: Accessing Funds Once the agreement is signed, funds can be accessed as needed, often through online transfers or a dedicated draw account. From this point forward, interest is charged only on the amount drawn, and repayments replenish the available balance. For a clear, step-by-step guide on preparing a strong application, visit Discover How a Business Line of Credit Works to learn how to position your business for a smooth funding experience. Industry Expert Insights on Business Lines of Credit Financial experts agree that the business line of credit is becoming one of the most strategic tools for small and mid-sized companies to maintain flexibility in uncertain markets. Analysts point to the combination of revolving access, competitive repayment structures, and the ability to handle both planned and unplanned expenses as key drivers of its popularity. According to industry research, small businesses that maintain an open line of credit are often better positioned to capitalize on growth opportunities. This could include launching new products, securing bulk inventory at a discount, or investing in marketing during a competitive window. Having pre-approved capital available can make the difference between acting quickly and missing a time-sensitive opportunity. Lenders and advisors also highlight the value of pairing a business line of credit with other financing solutions. For example, a company might use a term loan for a major fixed investment, while keeping a line of credit open for day-to-day operational needs. This layered approach helps businesses avoid overleveraging while still maintaining a safety net. Experts also note that the technology driving the application and approval process is evolving rapidly. Many lenders now use AI-powered underwriting tools that can review applications in hours instead of days. This not only shortens funding timelines but also improves the ability to match applicants with terms that fit their cash flow profile. For additional perspective on how financing professionals are helping businesses integrate these solutions into their operations, visit for detailed insights and resources. Small Business Case Studies & Scenarios While every company's needs are unique, certain themes appear consistently in how small and mid-sized businesses use a business line of credit. The following scenarios illustrate how this financing tool can provide value across different industries without making any promises or guarantees about outcomes. Seasonal Retailer Preparing for Holiday Demand A specialty retailer sees 40 percent of its annual revenue in the final quarter of the year. To prepare for holiday demand, the business draws on its line of credit in September to stock high-margin inventory. As sales increase in November and December, the company repays the balance, freeing up the credit limit for the next seasonal cycle. Service Business Bridging Invoice Gaps A marketing agency works on a 90-day payment schedule with its largest clients. This delay creates cash flow gaps between project completion and payment receipt. The agency uses its line of credit to cover payroll and operational expenses during these intervals. Once client payments arrive, the balance is paid down, and the credit line is replenished. Manufacturer Handling Equipment Repairs A manufacturing company experiences an unexpected equipment breakdown that threatens production deadlines. Instead of halting orders or seeking a long-term loan, the owner uses the business line of credit to pay for expedited repairs. The business is able to resume operations quickly, preventing potential losses from missed delivery commitments. Startup Capitalizing on a Time-Sensitive Opportunity A technology startup is offered a discounted bulk purchase of software licenses that would improve product performance and customer retention. With a line of credit already in place, the founders can make the purchase immediately, securing the deal without waiting for new financing to be approved. For more examples of how businesses strategically use this form of financing, visit to explore real-world applications and planning considerations. The Future of Business Line of Credit Products The business line of credit is evolving rapidly as both economic pressures and technological innovation shape the small business financing landscape. Analysts predict that demand for revolving credit will continue to rise as companies seek flexible solutions to navigate market volatility, supply chain disruptions, and shifting consumer behavior. One of the most notable trends is the integration of advanced technology into the lending process. Artificial intelligence and machine learning tools are enabling lenders to analyze applicant data faster and with greater accuracy. This not only speeds up approvals but also allows for more personalized terms that reflect the borrower's actual cash flow and risk profile. Digital banking platforms are also enhancing the accessibility of business lines of credit. Many providers now offer mobile dashboards that allow business owners to draw funds, make payments, and track balances in real time. This level of control empowers businesses to make faster decisions and stay informed about their financial position. Economic factors will also influence the evolution of these products. Rising interest rates, inflationary pressures, and competitive lending markets will likely push providers to innovate further, offering features such as flexible repayment tiers, automatic credit limit adjustments, and integration with accounting software to streamline management. As the market adapts, small and mid-sized businesses that understand how to use a line of credit strategically will be better positioned to respond to opportunities and challenges. For an in-depth look at emerging trends and how they might impact your financing options, visit for insights tailored to current market conditions. Final Takeaway In a business environment defined by change, flexibility has become one of the most valuable assets a company can possess. A business line of credit offers the ability to respond quickly to both opportunities and challenges, all while maintaining control over how and when funds are used. For many owners, it represents a practical middle ground between the predictability of a term loan and the adaptability of more fluid financing solutions. By understanding the qualification requirements, application process, and strategic ways to use a line of credit, business leaders can integrate this tool into their overall financial planning. Whether the goal is to bridge cash flow gaps, prepare for seasonal demand, or fund a time-sensitive project, having revolving capital available can help support stability and growth. To explore options and determine how this financing approach might fit your operational strategy, visit for resources, guidance, and next steps. Contact Information ROK Financial Phone: (833) 3-ROKBIZ Email: info@ Website: Office Hours: Monday – Saturday, 8:00 A.M. – 6:00 P.M. (EST) Disclaimer: The information provided in this article is for general informational purposes only and should not be considered financial advice. Eligibility, terms, and conditions for a business line of credit vary by lender and are subject to change without notice. Approval is not guaranteed, and interest rates, repayment schedules, and credit limits will depend on individual applicant qualifications and lender criteria. Businesses should consult with a qualified financial professional before making borrowing decisions. CONTACT: Phone: (833) 3-ROKBIZ Email: info@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
33 minutes ago
- Yahoo
Youth employment high while some employers trying to hire
The youth unemployment rate in Canada has hit 14.6 per cent, the highest it's been since September 2010, barring the pandemic years. But what's the solution? Liam Britten spoke to bosses, job seekers and experts for their thoughts.
Yahoo
42 minutes ago
- Yahoo
Sculpt By Science Unveils Exclusive Program to Empower CEOs and Entrepreneurs with Peak Performance
NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Sculpt By Science introduces a groundbreaking health program designed to help CEOs, entrepreneurs, and business leaders optimize their well-being, leading to enhanced professional success. Sculpt By Science Introduces Life-Changing Health Program for High-Performing Business Leaders Sculpt By Science, the leading health and fitness brand founded by Dr. Michael Gino Diamonds, is redefining how entrepreneurs and CEOs approach their health and well-being. With the launch of their exclusive DNA Sequence program, the company is offering a groundbreaking solution to help business leaders achieve not only optimal physical health but also peak mental performance, ensuring they thrive both in the boardroom and DNA Sequence program is designed for those who view health as a strategic investment, recognizing the deep connection between physical fitness and professional success. Sculpt By Science takes a unique approach that integrates medical diagnostics, fitness science, and behavior change psychology, offering high-performance solutions for entrepreneurs who demand the best in all areas of their lives. The Link Between Health and Business Success Business leaders, especially those in high-pressure environments, often face the dilemma of balancing long working hours with the need to maintain their physical and mental well-being. Sculpt By Science addresses this challenge by offering a health program that is as much about mental clarity and focus as it is about physical fitness. "Health is the foundation of success in business, but too often, executives neglect it in the pursuit of their goals," said Dr. Michael Diamonds, Founder of Sculpt By Science. "The DNA Sequence program is designed to help high performers unlock their full potential by integrating science-backed health strategies into their busy lives. When you feel better, you perform better, this is what we're proving with every client we serve." Personalized Plans with a Focus on Peak Performance Sculpt By Science's DNA Sequence program goes beyond traditional fitness plans by offering a tailored approach for each client, starting with a comprehensive health assessment. This includes advanced testing, such as hormone analysis, gut health mapping, and DEXA scans, that ensures each program is uniquely suited to the client's needs. From there, a personalized fitness and wellness plan is created, taking into account the client's lifestyle, goals, and challenges. The program incorporates everything from physical training to stress management, sleep optimization, and nutritional guidance, all while aligning with the fast-paced schedules of busy professionals. One key feature of the program is its emphasis on identity transformation. Rather than simply focusing on temporary results, Sculpt By Science helps clients cultivate the mindset of a "Business Athlete." This concept encourages executives to treat their bodies as their most important asset, investing in their health the same way they would in their businesses. "The transformation is not just about losing weight or getting stronger," Dr. Diamonds explained. "It's about shifting the way our clients think about themselves. A Business Athlete understands that true success requires optimal health, and the DNA Sequence program is the pathway to unlocking that potential." Exclusive Support and Community for High Performers In addition to personalized health plans, the DNA Sequence program offers an unparalleled level of support. Clients gain access to weekly one-on-one consultations with Dr. Diamonds and his team of medical professionals, as well as 24/7 messaging support. This ensures that clients stay on track and can make adjustments as needed in real-time. The program also fosters a close-knit community of like-minded business leaders who are committed to achieving their best health. Sculpt By Science offers exclusive mastermind groups and private retreats, creating opportunities for clients to network, share experiences, and collaborate with others who share similar goals. "Our clients don't just get a fitness plan, they get a community of high achievers who are all focused on achieving peak performance," said Dr. Diamonds. "The mastermind events and private retreats give our clients the opportunity to connect with others who understand the pressures of leading a business. It's a place where they can learn, grow, and be inspired." Real Results for Busy Professionals Sculpt By Science is already seeing incredible success with its DNA Sequence program, having helped over 2,000 clients transform their health and business performance. High-profile entrepreneurs, CEOs, and executives have experienced life-changing results, from fat loss and muscle gain to improved energy and mental clarity. One client, a Silicon Valley entrepreneur, shared: "The DNA Sequence program didn't just help me lose weight, it gave me the energy and clarity to lead my company to new heights. I've never felt this focused and confident in my business." Another client, a CEO, said: "Before Sculpt By Science, I struggled with maintaining my health while managing my business. Now, I feel stronger, healthier, and more driven than ever. My physical health has truly become the foundation of my business success." The Future of Executive Health Sculpt By Science's DNA Sequence program is setting a new standard for health and fitness in the business world. As the program continues to gain momentum, more and more entrepreneurs and executives are realizing the direct connection between health optimization and business success. "We believe that health is the ultimate competitive edge," Dr. Diamonds said. "By optimizing physical health and mental performance, our clients are able to lead their businesses with clarity, focus, and confidence. This is the future of executive health, and we're excited to be at the forefront of this movement." For more information about Sculpt By Science and how to apply for the DNA Sequence program, visit About Sculpt By Science Sculpt By Science is a premium health and fitness brand focused on helping high-performing entrepreneurs, CEOs, and business leaders optimize their health for peak performance. Founded by Dr. Michael Diamonds, a medical doctor and fitness expert, Sculpt By Science combines advanced diagnostics with personalized fitness plans to deliver transformative results. With over 2,000 clients served, Sculpt By Science is helping executives unlock their full potential and achieve sustained success. Media Contact: Dr. Michael Gino DiamondsFounder & CEO, Sculpt By ScienceEmail: mikediamonds23@ Website: @DoctorMikeDiamondsInstagram: @ Disclaimer: This press release is provided by Sculpt By Science. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
