Usually a sirloin-and-champagne affair, this year’s Calgary Stampede may be more of a hotdogs-and-lager event.
Dismal oil prices are putting a damper on celebrations but never has Calgary needed a party more.
“Stampede has always been a big party; it will continue to be a big party,” says David Howard, president of The Event Group, one of the largest event planning companies in the country. “They need a reason to right now. There’s a lot of doom and gloom… they need to let loose.”
Howard, whose company usually has one or two large corporate events a day during the 10-day western extravaganza that kicks off Friday, has seen his business dry up completely this year.
Beginning last fall, clients started talking about the bust in oil prices, which have plummeted from more than US$100 per barrel last July to nearly half that these days.
“This has been the worst corporate stampede ever, to the point that we’re out of it completely,” Howard tells Yahoo Canada News.
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