FIFA World Cup Boosts Economy but Not as Much as Expected

New figures from Statistics Canada show that the FIFA World Cup had a modest impact on the country's economy in June, but not as much as expected. The agency reports that accommodation services dropped by 0.7% for the month, despite the influx of tourists and fans for the 10 soccer matches held.

Meanwhile, air transportation contracted by 0.5%. StatCan notes that other hospitality industries also saw a slight decline in June.

The World Cup's impact on Canada's economy was anticipated to be significant, but these figures indicate that it was relatively minor.