Oil pressure

Slowing growth in Canada and the oil bust will have significant implications for Florida.

Speaking to a captive audience in Fort Myers recently, Mark Vitner, senior economist at Wells Fargo, suggested the oil-price drop could boost domestic tourism to Florida, but it could slow visitors from oil-producing countries such as Canada.

“Canada's right on the brink of recession,” Vitner says. That's important because Canadians spend money on homes and vacations in Florida, especially during the busy winter season.