07:47 AM EDT, 08/27/2025 (MT Newswires) -- While Prime Minister Mark Carney brought down his elbows and walked away from many of his countervailing duties on United States exports, Canadians continue to take matters into their own hands, said Rosenberg Research.

There has been a flight of Canadian money from U.S. residential real estate this year, as an example, noted Rosenberg Research. The number of Canadian Redfin.com searches for U.S. properties has plunged 22% over the past 12 months.

The decline, which started in February, has been extended right through to July. Last year, Canadian residents made up 14% of all international buying of U.S. residential real estate, and the two states hit the hardest are Florida and Arizona.

It's not just the buyers' (sellers?) strike on housing but also on tourism flows, added Rosenberg. Canadian travelers have embarked on a voluntary boycott, spending nearly 8% less year-over-year on travel-related goods and services.

The number of U.S.-bound trips this year is down by almost 11%. Domestic travel, meanwhile, has expanded by 4.4% as Canadians have opted for Peggy's Cove over Sin City.

The travel boom in Canada has been underscored by 2.5% year-over-year volume growth in accommodation and a nearly 2.0% increase in amusement and recreation services -- both far above the 1.2% pace in total gross domestic product.

This is no better expressed than in the TSX Consumer Discretionary group, which is up more than 18% over the past year to near all-time highs, even in the face of a major cooling-off in the domestic labor market, according to Rosenberg.