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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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Weak Jobs Data Sends BoC Rate Cut Odds Soaring to 90%

 

                                           Bank of Canada governor Tiff Macklem


The likelihood of a Bank of Canada (BoC) interest rate cut at its September 17 meeting has surged to 90%, according to market pricing, after a string of disappointing labour market data intensified concerns about the country’s economic momentum.

Canada’s job market showed fresh signs of strain, with recent reports revealing significant employment losses across multiple sectors, including manufacturing, construction, and retail. The July Labour Force Survey recorded a drop of 41,000 jobs, the largest monthly decline in seven years, while Statistics Canada’s payroll data pointed to broad-based weakness beyond tariff-impacted industries.

The soft labour readings come on the heels of a 1.6% annualized GDP contraction in the second quarter, driven by plunging exports and ongoing trade tensions with the U.S.. Economists say the combination of slowing growth, rising unemployment, and building slack in the economy is creating strong pressure for the BoC to ease policy.

Some analysts now expect the central bank to kick off a rate-cutting cycle this month, with additional reductions possible before year-end. While a minority still argue for holding rates steady to assess inflation trends, markets are overwhelmingly betting that policymakers will act swiftly to support the weakening economy.

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