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Toronto spending up 8% during Pan Am Games
– moneysense.ca
TORONTO – A new study suggests people — particularly tourists — spent more money in downtown Toronto and near Pan Am venues during the Games compared with the same period last year.
The study by the payment processing company Moneris is based on debit and credit card transactions between July 10 and 26.
While the study doesn’t include cash purchases, the company says it gives a general sense of spending during the international competition.
It says people spent nearly eight per cent more in downtown Toronto. Spending on international cards, however, rose by close to 19 per cent.
Top-earning Pan Am athletes »
The study by the payment processing company Moneris is based on debit and credit card transactions between July 10 and 26.
While the study doesn’t include cash purchases, the company says it gives a general sense of spending during the international competition.
It says people spent nearly eight per cent more in downtown Toronto. Spending on international cards, however, rose by close to 19 per cent.
Top-earning Pan Am athletes »
Entertainment was a big draw, with people spending just over 53 per cent more — and international visitors spending about 260 per cent more.
Hotel expenses increased by about eight per cent overall, and about 20 per cent for foreign visitors.
Spending jumped around the Rogers Centre the days of the opening and closing ceremonies — roughly 12 and 19 per cent, respectively, over the same day last year…
Out of 11 cards, which 7 do I cancel?
– creditcards.com
Having a zero balance on all the cards makes credit score impact minimal
