Hockeynomics? How Canadian teams in NHL playoffs may thaw consumer chill – National [Video]

Hockey is more than just Canada’s favourite sport. It can also be good for business, especially as many consumers have frozen spending at places like restaurants and bars, experts say.

With many cutting back on expenses amidst fears of a recession, three Canadian teams making deep playoff runs could help spur a boost in consumer spending at venues like restaurants and bars if past playoffs are any indication.

The playoffs could not have come at a better time for the business, said Milena Stanoeva, spokesperson for Restaurants Canada.

“We definitely see a playoff effect for restaurants when Canadian teams do well, especially around the arenas that where they’re playing,” she said.

For the first time since 2004, three Canadian teams have made it to round two of the Stanley Cup playoffs. Aside from hoping that one of these three beloved teams will end Canada’s championship drought, businesses are also hoping …