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Article content It may still be difficult for foreign tourists to visit Canada, but our hard-hit tourism industry is showing signs of “green shoots” as the economy begins to reopen and more Canadians plan domestic vacations. As of late June, travel spending on car rentals, airlines, travel agencies and other related expenses is down 43.5 per cent from 2019 pre-shock levels, according to a recent note from Royal Bank of Canada economists Nathan Janzen and Claire Fan. That sounds rough, but it’s a significant improvement from early January, when that spending was down 87.5 per cent. “Early data is already pointing to green shoots emerging with spending on hotels, restaurants, and even travel moving up as vaccinations accelerate, case counts plummet and restrictions continue to ease country-wide,” they wrote.

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