The World Cup has been a bit of a miss for Toronto hotels. For other parts of the economy? It’s no Taylor Swift.
According to data released this week by payments processing giant Moneris, spending by international tourists in the Toronto area has been up in several key categories since the World Cup kicked off, but total spending by locals, domestic tourists and international tourist, has only been marginally higher than the rate of inflation.
No Taylor Swift will eventually be revealed as BIG Fat Tab for the taxpayer to pay.
Bonus tax payer loss … Cristiano Ronaldo fans block busy Toronto highway for a glimpse of World Cup Portugal team bus
