Bob Saunders lists the reasons. Not just in Canada, but America, too. Here's a link to one of today's top stories on MSN.com about travel from US this summer.
Summer Travel Trends: Beaches Popular, Prices Rise - MSN Travel Articles
Summer Travel Trends: Beaches Popular, Prices Rise - MSN Travel Articles
Also agree with amparocorp, prices of flights not budging and seem to be inching upward. Electricity just went up again. Postage, too. Fuel costs are affecting everyone everywhere.
I'm not an economist, but it seems in a country whose #1 industry is tourism, the lack of it is going to hurt. Is it possible that Villanueva's comments (tourism industry not concerned) are just positive spin? Similarly, I don't buy "the press" about america's economy being strong. Maybe it's not in the dumps, but "average americans" are concerned here. Just do a search on recent press/news about mortgage/banking and housing industries.