09:20 AM EDT, 08/13/2025 (MT Newswires) -- Canadians believe that they are being unfairly hurt by the United Sttaes trade actions, when in fact, that isn't really the case, said Rosenberg Research.

However, this perception has unleashed a wild move on the part of Canadian consumers to "buy local" and "travel domestically," noted Rosenberg Research. So, in some perverse sense, this "trade war" is working to help, not hurt, the Canadian economy.

Service sector areas, geared towards the travel-at-home theme, are in major bull markets from a macroeconomic point of view, it added. The amusement-recreation-hotel industries are booming, and are either hitting or approaching new records of real economic activity.

This is all a product of this voluntary boycott by Canadians, stated Rosenberg. A sudden burst of nationalism. However, Canada is getting off light in this tariff file, and it is the perception that is the real key driving this trend towards localized spending.

The data for July were striking: the number of Canadians venturing by car into the U.S. plunged by -37% from year-ago levels. Canadian trips to the U.S. by air are down by 26%. Las Vegas must be really hurting because Air Canada and WestJet apparently have seen their combined passengers, heading from Canada to Las Vegas, collapse by 32% on a year-over-year basis.