Organizers are feeling the pinch from inflation, increased competition and pandemic recovery

Some of Canada’s most iconic festivals are cancelling or scaling back this year as they weather financial struggles.

Festival organizers say they are still recouping losses from COVID-19 pandemic shutdowns while they contend with inflation, increased competition and a loss of corporate sponsors.

It costs 30 to 40 per cent more to organize a festival this year than it did in 2019, according to Martin Roy, executive director of Festivals and Major Events Canada, and revenues are not following suit.

He noted that many popular festivals are free to the public, which affects them further.

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