US: Decline In Cross-Border Travel As Canadian Support For US Leadership Craters

Aug-14 17:53

A new Gallup survey shows that "only 15% of Canadians approve of leadership in Washington... closer to Russia’s approval rate among Canadians (9%) than China’s (23%)," per Semafor.

  • Semafor writes: “It’s the latest sign of Canadians’ dissatisfaction with Trump, who has slapped the country with tariffs and talked openly about trying to annex it as the 51st state. The spat has driven out some Canadians living in the US and wrecked the economies of US-Canada border towns, and Canadians are more pessimistic about the economy than ever.
  • "But they appear ebullient about Mark Carney, who took over from Justin Trudeau as prime minister this year. Nearly six-in-10 Canadians approve of their country’s own leaders, up 19 points from 2024.”
  • That approval may be feeding into a collapse in cross-border travel: "Travel to the US by Canadian residents has continued to drop significantly for the seventh month in a row, as new data confirms that Donald Trump’s threats have helped upend the summer tourism season," per the Guardian.
  • Statistics Canada said Monday that return car trips from Canada to the US dropped 36.9% in July 2025, compared with the same month in 2024. Commercial flights dropped by 25.8% over the same period. 

Figure 1: Canadians who Support the Leadership of Select Nations 

image

Source: Semafor, Gallup

Historical bullets

US: FED Reverse Repo Operation

Jul-15 17:37

RRP usage retreats to $198.277B this afternoon from $217.841B yesterday, total number of counterparties at 36. Usage had fallen to $54.772B on Wednesday, April 16 -- lowest level since April 2021 - compares to yesterday's (July 1) $460.731B highest usage since December 31.

reverse repo 07152025

GBPUSD TECHS: Trades Through Trendline Support

Jul-15 17:30
  • RES 4: 1.3835 High Oct 20 2021
  • RES 3: 1.3800 Round number resistance
  • RES 2: 1.3681/3789 High Jul 04 / 01 and the bull trigger
  • RES 1: 1.3572 20-day EMA
  • PRICE: 1.3391 @ 16:32 BST Jul 15
  • SUP 1: 1.3375 Low Jul 14
  • SUP 2: 1.3371 Low Jun 23 and a key short-term support
  • SUP 3: 1.3335 Low May 20
  • SUP 4: 1.3245 Low May 19 

A softer short-term tone in GBPUSD remains in place and this week’s move down marks an extension of the current corrective bear leg. The pair has breached both 20- and 50-day EMAs, exposing trendline support at 1.3430. The trendline - drawn from the Jan 13 low - has been pierced, a clear break of it would strengthen a bearish threat and expose 1.3371 initially, the Jun 23 low. Initial firm resistance to watch is 1.3681, the Jul 4 high.            

MNI EXCLUSIVE: A Look At Fed System Reform Under A Possible Warsh Fed

Jul-15 17:22

MNI reports on Fed system reform under possible Warsh Fed -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com