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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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Lynx Air Ceases Operations and Seeks Creditor Protection

Calgary-based Lynx Air, a low-cost airline that took flight less than two years ago, is facing turbulent skies. The company recently announced its decision to cease operations on Monday. This move comes as Lynx Air grapples with a series of challenges, including rising operating costs, high fuel prices, exchange rate fluctuations, and mounting airport charges. Despite substantial growth in the business and ongoing efforts to improve operations, the company’s financial headwinds have become insurmountable.

In a bid to weather the storm, Lynx Air has sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta. This legal maneuver aims to shield the airline from further financial strain and provide a breathing space for restructuring.

The airline’s final flights are scheduled for Sunday, with operations set to cease at 12:01 a.m. MT on Monday. Passengers currently in transit are urged to explore alternative arrangements to reach their destinations. Lynx Air advises passengers with existing bookings to contact their credit card companies for refunds related to pre-booked travel.

As the sun sets on Lynx Air’s brief journey, travelers find themselves scrambling for alternatives. One passenger expressed her frustration after receiving an email notifying her that her Saturday flight had been canceled. She and her group of friends, originally slated to fly home to Winnipeg, now face uncertainty. The airline’s sudden closure has left them “frantic.”

Legal advisors from Osler, Hoskin & Harcourt LLP are assisting Lynx Air during this challenging time, while FTI Consulting Canada Inc. serves as the monitor under the Companies’ Creditors Arrangement Act.



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