Business
Summer Plans? Stay Local, Spend Local: Majority of Canadians Intend to Support Small Businesses While Travelling Domestically this Summer
Summer Plans? Stay Local, Spend Local: Majority of Canadians Intend to Support Small Businesses W...
About this update from Toronto-dominion Bank
[{"type":"text","content":"\n\n\n\n Summer Plans? Stay Local, Spend Local: Majority of Canadians Intend to Support Small Businesses While Travelling Domestically this Summer\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Almost three-quarters (73%) of Canadians will consider travelling to a destination to visit a unique business or attraction\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n June 11, 2025\n \n\n /CNW/ - In this season of economic uncertainty, there's one thing Canadian businesses can undoubtedly look forward to: summer is coming and tourism is trending up.\n \n\n A recent survey by TD Bank Group found 89% of Canadians feel it's important to support small businesses this summer, with 64% of Canadians planning to travel within Canada in the coming months. The biggest economic boon to small business? The survey found 63% of Canadians will research shops, restaurants, and attractions ahead of time, with 73% considering travel to a destination to visit a unique business or attraction they researched.\n \n\n TD Economics also\n \n projects tourism to outperform other industries in\n \n Canada\n \n\n with the boost being fueled by Canadians looking to spend more of their travel dollars at home, and international tourists looking to Canada and other regions for summer vacation.\n \n\n \"It's encouraging to hear that Canadians are planning to support local small businesses as part of their vacation plans this summer, as it helps both entrepreneurs and our local economies,\" says\n \n Julia Kelly\n \n , Vice President, Small Business Banking at TD. \"It's particularly welcome news, as many of our small business customers have been concerned about consumer spending slowing down.\"\n \n\n The survey also showed that Canadians are keen on cottage country, with 46% of Gen Z and 42% of Millennials planning on visiting cottages during their summer vacation. Of those visiting cottages, 96% say they plan to check out local businesses, including restaurants, shops, and marinas.\n \n\n \"We know how important small businesses are to communit...