The evolution of Canada's travel account, 1980-1997 : by Nicolino Strizzi , Gerald Bailie and Anne-Marie Hince. : C86-94/1999E-PDF

"Canada's travel account simply measures the difference between earnings from visitors travelling in Canada and spending by Canadian residents travelling abroad. It is therefore misleading to view Canada's persistent travel account deficits as an indication of poor performance by the tourism industry. In fact, Canada's travel account deficits provide clear evidence of the country's strong and sustained economic development, social progress as well as high standard of living. Nevertheless, year to year changes partly reflect Canada's marketing policies and initiatives to grow international tourism and reduce outbound tourism to the United States"--Executive Summary.

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