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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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Mélanie Joly Backs Mark Carney for Liberal Leadership

 

In a significant political move, Foreign Affairs Minister Mélanie Joly has endorsed Mark Carney for the leadership of the Liberal Party of Canada. Joly praised Carney's extensive economic experience, highlighting his tenure as governor of both the Bank of Canada and the Bank of England. She emphasized his ability to navigate crises, such as the 2008 global financial meltdown and Brexit, as key reasons for her support.

Joly's endorsement comes at a crucial time, as the Liberal Party prepares for a leadership race following Prime Minister Justin Trudeau's resignation. Carney, who recently launched his campaign, has promised to tighten public finances and invest in a greener future. Joly's backing is expected to bolster his campaign, particularly in Quebec, where she has a strong network.

This endorsement also sets the stage for a competitive race, with former finance minister Chrystia Freeland also vying for the leadership. Freeland, who has been critical of Trudeau's economic policies, launched her campaign with a focus on unifying the country against external threats, including potential trade disputes with the United States.

Joly's support for Carney underscores the importance of economic expertise and crisis management in the upcoming leadership contest. As the race heats up, all eyes will be on how these endorsements shape the future of the Liberal Party and Canada's political landscape.



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