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The World Cup Promised $3.8 Billion — Here's What Canada Actually Got

       Monday July 13, 2026 FIFA promised Canada a $3.8-billion economic windfall for hosting the 2026 World Cup. Two weeks into play in Toronto, the receipts tell a very different story — and there's a lesson in it for anyone thinking a "big event" boost is coming to their city, their rental property, or their business. The Billion-Dollar Bill Came First Before a single ball was kicked, Canadian taxpayers were already on the hook. According to the Parliamentary Budget Office, governments across the country will spend roughly $1.07 billion hosting the 2026 tournament. Toronto alone budgeted $380 million to host six matches at BMO Field. British Columbia's tab for Vancouver's seven matches at BC Place came in even higher, at about $578 million. Ottawa is chipping in $473 million of that total — including $220 million in direct grants to Toronto and B.C., plus another $145 million earmarked for security costs during the tournament. Net of federal help, Toronto and B...
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Canada’s Economy Shows Signs of Growth in August After Flat July



According to Statistics Canada, the Canadian economy experienced stagnation in July, with a zero percent growth rate. The service sector expanded slightly, while goods-producing industries shrank. Economists had anticipated a slight expansion of about 0.1 percent. However, the manufacturing sector contracted by 1.5 percent, marking its largest decline in over two years.

In August, the Canadian economy showed signs of growth. Real gross domestic product (GDP) rose by 1.2 percent, marking the fourth consecutive month of growth following the steepest drops on record in March and April due to pandemic lockdowns. Although August’s figure was lower than July’s 3.1 percent expansion, it still indicates a positive trend in economic recovery.

Please note that these figures are subject to change as new data becomes available.

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