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Canadians in top 10 foreign Visa spenders at World Cup

Canadian Visa cardholders were the seventh top spenders in South Africa during the 2010 World Cup, according to data from Visa Inc. Canadians spent US$8.

Canadian Visa cardholders were the seventh top spenders in South Africa during the 2010 World Cup, according to data from Visa Inc.

Canadians spent US$8.8 million on their credit cards during the month-long event, increasing Canadian spending in South Africa by 68% compared with total spending in the same period in 2009.

Americans and British visitors spent the most, contributing more than US$59.4 million each to the South African economy during the World Cup, followed by Australians (US$14.8 million), Brazilians (US$13.4 million), French visitors (US$10.8 million) and Germans (US$9.2 million).

In total, international visitors spent US$312 million during the World Cup. About US$54.1 million was spent in the week before the opening ceremony, US$122.1 million during the group competition phase and US$136.3 million during the finals.

More than 90% was spent on typical leisure and business travel expenses including accommodation, restaurants, retail, auto rentals and air travel.

The amount spent during the World Cup was 170% more than the total spend of US$115.3 million during the Vancouver 2010 Winter Olympic and Paralympic Games.

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