The solar eclipse economy is booming

Total Solar Eclipse 2024: A once-in-a-lifetime chance to witness the celestial event, and a great excuse to stick an Oreo on a doughnut and charge extra for it.

Driving the news: On Monday, the sun will disappear behind the moon for roughly four minutes, spanning parts of Ontario, Québec, New Brunswick, P.E.I., Nova Scotia, and Newfoundland and Labrador. People are excited, and the eclipse business is booming. 

  • Niagara Falls, one location considered to have the best possible viewing experience, issued a state of emergency last week in anticipation of the huge number of tourists.

Brands have also been getting really into it: 

Why it matters: The last time the path of a total solar eclipse crossed Canada was 45 years ago, in 1979. The rarity of the event offers a boon for parts of the travel and tourism industry (which still haven’t recovered from the pandemic) and an excuse for brands to do fun things. 

In Canada: Marketing tied to rare events isn’t new, but brands in Canada are known to be more wary about embracing gimmicks because Canadians like softer-sell and value-driven strategies — think Tim Hortons’s Smile Cookies and McDonald’s Summer Drink Days.—SB