A float in the Toronto Santa Claus Parade warehouse. The parade is facing a $250,000 deficit that is putting its future in jeopardy, but Prime Minister Justin Trudeau says his government will step in to help out.
Prime Minister Justin Trudeau says his government will step in to help Toronto's Original Santa Claus Parade stay afloat as it faces financial challenges that have put its future in jeopardy. Prime Minister Justin Trudeau says his government will step in to help Toronto's Original Santa Claus Parade stay afloat as it faces financial challenges that have put its future in jeopardy.
Organizers of Toronto's Original Santa Claus Parade say they're facing a $250,000 deficit that could prevent them from staging the annual event next year due to an increase in costs and a decrease in corporate sponsors.Clay Charters, president and CEO of the Original Santa Claus Parade, said the funding is needed to maintain operations at the non-profit, which will start working towards next year's event not long after the 2024 parade is over.
Charters said parade organizers have been in touch with the federal government but couldn't get into detail about what kind of funding they expect to get from Ottawa yet.
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