Canadian air travel spending falters in 2013 Q1 amid economic pressures

Canadians spent less on air travel in the first quarter of 2013 than the year previous, marking the first such decline since the recession, according to a Conference Board of Canada study. The report blamed high levels of indebtedness and slow job growth for the drop but noted that strong business investment in the U.S. and a 20% uptick in visitors from mainland China are helping to ease the impact. Overall airline revenues are expected to climb 5% for the year, the report added.

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