17:07:50 EDT Tue 21 Jul 2026
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or Name
USA
CA



Bank of Montreal
Symbol BMO
Shares Issued 700,400,531
Close 2026-07-16 C$ 256.44
Market Cap C$ 179,610,712,170
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Globe says BMO gives yellow card for overhyped tourney

2026-07-21 09:04 ET - In the News

The Globe and Mail reports in its Tuesday edition that while the 2026 FIFA World Cup led to a modest lift in consumer spending, economists say those gains aren't likely to provide a sustained boost to the Canadian economy that many policy-makers had hoped for. The Globe's Sophia Bertuzzi writes that taken together, governments pooled more than $1-billion to host 13 matches in Toronto and Vancouver, with officials from both cities stating the tournament would create jobs, increase economic activity and lead to a lasting increase in international tourism. In a report released ahead of the tournament, economists at Bank of Montreal estimated consumer spending and tourism would only add a combined 0.1 percentage points to Canada's quarterly annualized gross domestic product. Shelly Kaushik, senior economist at BMO Capital Markets, said, "It looks like there's maybe some modest boost in spending, especially around Toronto and Vancouver, but there's no major big economic impact from the tournament." According to data from Square, the digital payments processing company, bars and breweries in Canada saw around a 16-per-cent lift in transaction volume between June 11 and June 27, compared with the three weeks prior.

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