Ontario Bans World Cup Ticket Resale Hikes

0:00Ontario just dropped a bomb on World Cup ticket resales, capping prices at face value for all events, including Toronto's six men's matches next year. FIFA yanked those resale listings from their platform right after the law caked in last week, leaving fans in the city high and dry for now. The Ford government pushed this through fast, announced back in March, and made official recently. It hits every ticket sold in the province, so no more flipping for profit on the big tournament games. Sellers who grab tickets early and mark them up are feeling the pinch, stuck selling back at original prices or eating the loss. Buyers who paid extra before the cap, they might have to unload low if they change plans. Meanwhile, resale options are live for matches in other spots like Vancouver, where no such rules apply yet. FIFA's platform usually skips price limits and takes a 15% cut from both sides. Word is, FIFA's tweaking their system to match Ontario's rules, but no comment from them so far. Keep an eye out, this could shift quick as the World Cup hype builds.

1:04That's the story for today, Canada News Today, driven by AI.