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World Cup to spur ‘short-lived bump’ from tourism spending: BMO

A new BMO Economics report projects the 2026 FIFA World Cup will provide a modest boost to Canada's gross domestic product, primarily driven by tourism and hospitality spending.
Canada will host 13 matches in Toronto and Vancouver, with governments spending $1.07 billion total on preparations for an event BMO chief economist Doug Porter describes as a 'short-lived bump.'
Tourism gains are estimated between $1 billion and $5 billion, with the event potentially lifting Canada's quarterly GDP by about 0.1 percentage points annualized across the second and third quarters.
Bar and restaurant spending is expected to rise, though the report cautions that only expenditures by international travelers represent a net benefit, as residents often divert existing funds.
With Statistics Canada reporting stalled economic growth last week, Porter says even modest gains from the event should be viewed as a welcome win for the struggling Canadian economy.

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The Toronto Star

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World Cup to spur ‘short-lived bump’ from tourism spending: BMO

TORONTO - The 2026 FIFA World Cup is expected to spur a modest lift in gross domestic product in Canada, driven by tourism and hospitality spending, according to a new

5 days ago·Toronto, Canada

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Winnipeg Free Press

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Center

World Cup to spur 'short-lived bump' from tourism spending: BMO

TORONTO - The 2026 FIFA World Cup is expected to spur a modest lift in gross domestic product in Canada, driven by tourism and hospitality spending, according to a new report from BMO Economics.

5 days ago·Winnipeg, Canada

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