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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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Deep Dive into the Future: Canada’s High-Stakes Submarine Showdown

 

Prime Minister Mark Carney holds up a model submarine he was presented with as he tours Thyssenkrupp Marine Systems (TKMS), a submarine building facility in Kiel, Germany on Tuesday, Aug. 26, 2025. 


Canada’s decades-old Victoria-class submarines — bought second-hand from the U.K. in 1998 — are nearing the end of their service life, with only one currently operational. Faced with a looming capability gap, Ottawa has launched an ambitious procurement program to secure a new fleet by 2035, a move that could finally push defence spending above NATO’s 2% GDP target.

The government has narrowed the competition to two shipbuilders: Hanwha Ocean of South Korea and ThyssenKrupp Marine Systems (TKMS) of Germany. Hanwha is pitching its lithium-ion battery-powered KSS-III, promising rapid delivery — four subs by 2035 if contracted next year — and a steady pace thereafter. TKMS is offering its hydrogen fuel cell and diesel-powered Type 212CD, already on order for Germany and Norway, emphasizing NATO interoperability and proven Arctic performance.

The stakes are high. Canada’s vast coastline, Arctic sovereignty, and global security commitments demand a fleet with stealth, endurance, and under-ice capability. With allies also shopping for submarines, delays could push Canada to the back of the production queue. The final decision, expected before 2028, will shape the Royal Canadian Navy’s underwater power for decades — and could redefine Canada’s role in global maritime security.


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