Scotiabank cancels funding to four cultural festivals

Bank of Nova Scotia has cancelled support for Buskerfest, Caribbean Carnival (also known as Caribanna) and the CHIN International Picnic.  Last week it was learned the bank had also cancelled  support for Nuit Blanche. The bank apparently reviewed its spending in these areas and told the organizations in question last February.  The bank says it spends about $25 million on support of community  events in Toronto and area each year. Scotiabank said in a statement. “Arts and cultural sponsorships remain an important part of our overall sponsorship strategy.”

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