Many business owners in Montreal are excited for the Grand Prix’s return. Owner of Caffè Italia in Montreal’s little Italy Laura Serri said the event always brings crowds of people. Serri explained “There’s people from all over the city, … They come and they hang around and they cheer. There are kiosques all over. It’s a nice happy place.”
The Grand Prix didn’t operate during the pandemic as measures were strict. However, the Grand Prix is making its return this weeked after a two-year hiatus. The Société du parc Jean-Drapeau, Tourisme Montréal and the Formula 1 Grand Prix du Canada published a study earlier this year which found that the event’s impact on gross domestic product is $63.2 million.
also said provincial and federal tax revenues are close to $16 million. 66 per cent of the visitors came from outside Montreal and 52 per cent from outside Quebec.
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