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FIFA World Cup 2026 & Your Wallet: How to Cash In Right Now

  The biggest sporting event in history is happening right now in Canada. Here's what it means for your money — whether you own property, rent, or just want to watch. The 2026 FIFA World Cup kicked off on Canadian soil on June 12 — and whether you've been following the matches or not, this tournament is already leaving a mark on Canadian wallets. Toronto and Vancouver are hosting games through July 19, and the economic ripple effects are very real: in hotels, short-term rentals, restaurants, and yes, your tax return. If you're a homeowner — especially in Toronto or the GTA — there's still time to benefit. And if you're simply a Canadian taxpayer, it's worth knowing exactly what this tournament is costing us, and what we're getting back. Here's everything you need to know about the FIFA World Cup and your money. The Big Picture: What This Tournament Is Worth to Canada FIFA projects that hosting the World Cup will contribute up to CAD $3.8 billion in eco...
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Stock Market Update: Record Highs Driven by Nvidia’s Earnings Surge

 

The stock market witnessed a whirlwind week, fueled by the remarkable performance of AI chipmaker Nvidia (NVDA). As the week drew to a close, both the S&P 500 and the Dow Jones Industrial Average achieved fresh record highs.

  • S&P 500: The broad market index inched higher, closing at 5,088.80, surpassing the 5,100 mark for the first time.
  • Dow Jones Industrial Average: The Dow added 62.42 points, reaching an all-time high of 39,131.53.
  • Nasdaq Composite: Although the Nasdaq Composite retreated slightly, closing down 0.3%, it had already notched a fresh 52-week high earlier in the session.

Nvidia’s blowout earnings sent shockwaves through the market, adding approximately $277 billion to the company’s market value. This surge marked the largest single-day gain in Wall Street history. The chipmaker’s shares continued their ascent, bringing the company tantalizingly close to a $2 trillion valuation.

Amidst the AI frenzy, investors are also contemplating the possibility of a US interest rate cut. Federal Reserve officials have hinted at impending cuts, although the timing remains uncertain.

As the solid fourth-quarter earnings season winds down, several companies have impressed Wall Street:

  • Block (SQ): An upbeat earnings forecast from Square led to a 16% jump in the fintech company’s shares.
  • Carvana (CVNA): Investors welcomed the used-car seller’s first annual profit, resulting in a 30% surge in Carvana’s stock.

In summary, Wall Street’s record-breaking week was driven by Nvidia’s stellar performance, and investors are keeping a close eye on interest rate developments. As the market continues to evolve, stay tuned for further updates.


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