Canada markets close in 2 hours 19 minutes
  • S&P/TSX

    20,096.32
    -169.05 (-0.83%)
     
  • S&P 500

    4,230.52
    -53.22 (-1.24%)
     
  • DOW

    33,746.19
    -252.85 (-0.74%)
     
  • CAD/USD

    0.7698
    -0.0029 (-0.37%)
     
  • CRUDE OIL

    90.88
    +0.38 (+0.42%)
     
  • BTC-CAD

    27,898.91
    -2,681.52 (-8.77%)
     
  • CMC Crypto 200

    510.70
    -30.90 (-5.70%)
     
  • GOLD FUTURES

    1,763.10
    -8.10 (-0.46%)
     
  • RUSSELL 2000

    1,960.09
    -40.64 (-2.03%)
     
  • 10-Yr Bond

    2.9780
    +0.0980 (+3.40%)
     
  • NASDAQ

    12,696.00
    -269.34 (-2.08%)
     
  • VOLATILITY

    20.56
    +1.00 (+5.11%)
     
  • FTSE

    7,550.37
    +8.52 (+0.11%)
     
  • NIKKEI 225

    28,930.33
    -11.77 (-0.04%)
     
  • CAD/EUR

    0.7665
    +0.0010 (+0.13%)
     

Calgary Stampede receives $10M from federal government to aid recovery from pandemic

·1 min read

CALGARY — The Calgary Stampede has received more than $10 million from the federal government to help it bounce back after last year's event was scaled down due to the COVID-19 pandemic.

A report to the city this week showed the Stampede had an operating loss of $8.3 million in 2021.

Last year's Stampede ran at half capacity because of COVID-19 public health measures and was cancelled all-together the year before.

Daniel Vandal, the federal minister for Prairies Economic Development Canada, says the money aims to support a full-scale Stampede to deliver the "authentic western experience" this year.

He says it would also help to reignite Alberta's visitor economy.

The 2022 Stampede is set to run from July 8 to 17.

"Festivals large and small were hard hit during the pandemic," Vandal said in a news release. "They are events where families and friends come together and take in the exciting atmosphere.

"The tourism industry is facing a strong comeback providing quality jobs across the country, showcasing stunning landscapes and offering exciting experiences right here in Alberta."

The federal government also provided about $1.8 million for four other tourism projects in southern Alberta: Charmed Resorts, Cochrane Tourism Association, Heritage Park and Tourism Calgary.

This report by The Canadian Press was first published June 30, 2022.

The Canadian Press

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting