Many countries around the world rely on tourists and visitors to help keep their economies running. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Good news for Canadians over 50 who own or rent homes in the U.S.
There’s a bipartisan effort in Congress to let Canadian visitors stay longer. The reason: These “snowbirds” provide a big economic boost to the U.S.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
A House bill would let Canadians over age 50 who own or rent U.S. homes spend up to 240 days annually in the country — two months longer than is now allowed. Lawmakers highlight that Canadians spent over $20 billion in the U.S. in 2019, according to one report. The legislation would prohibit these Canadians from working for a U.S. employer and from being eligible for various forms of public assistance. They must also retain their nonresident tax status.
Despite being mostly uncontroversial, the passage of the bill is not a given. Similar bills introduced in recent years have stalled.
Greenland's push for more tourists
Europe’s next hot vacation spot may be a place known for cold and ice. Greenland is pushing to attract more tourists in the coming years. The island, a territory of Denmark with 57,000 residents, plans to open three airports next year for an influx of visitors, including one in the capital, Nuuk. Flights will soon connect to larger airports in North America and Europe. Cruises to the island are popular, too.
What does Greenland offer? Outdoor adventures are the main attraction: Icebergs and glaciers. Hot springs. Whale watches. Dog sledding. The Northern Lights. Hunting. It’s not a budget destination, but prices are cheaper than at some hot spots.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
-
Holiday Shopping? Here’s Why Some Stores May Let You Keep Your ReturnsWith the holiday shopping season in full swing, you're likely to find more stores shunning returns in favor of a 'keep-it' policy, study finds.
-
Stock Market Today: Stocks Swing Higher After Powell Speech
Fed Chair Powell poured cold water on potential rate cuts, but stocks jumped anyway.
-
IRA Rollover Rules: What You Need to Know
Tax Letter Three important IRA rollover rules to remember. As always, getting taxes wrong can be costly.
-
FDA Approves Zepbound, the Latest Weight-Loss Drug: The Kiplinger Letter
The Kiplinger Letter Eli Lily’s Zepbound will undercut its rivals’ pricing but still costs over $1,000 a month.
-
More Signs of Belt-Tightening and a Slowing Economy: The Kiplinger Letter
The Kiplinger Letter Although fewer banks are tightening lending standards, more businesses and households are feeling the squeeze.
-
The Recent Uptick In Global Trade Won’t Last: The Kiplinger Letter
The Kiplinger Letter Global trade continues to fall as economic growth around the world cools.
-
Consumers Have $1 Trillion More Savings Post-Pandemic: The Kiplinger Letter
The Kiplinger Letter GDP data show Americans have more savings than they did pre-pandemic.
-
Once-Booming Gun Sales Have Slumped: The Kiplinger Letter
The Kiplinger Letter Since 2022, FBI background checks, a close proxy for gun purchases, have slumped.
-
The Era of Super-Low Interest Rates Could Be Over: The Kiplinger Letter
The Kiplinger Letter We’re likely never going back to the historically low rates that prevailed in late 2019 and early 2020.
-
Rental Market Will Slow Through 2023: The Kiplinger Letter
The Kiplinger Letter Expected growth in the rental market is likely to remain slow for the rest of the year amid a slow housing market and cooling economy.
