Scotiabank bails on Buskerfest and Caribbean Carnival

It looks like three more major Toronto cultural events will have to start searching for a new title sponsor because Scotiabank is pulling funding from BuskerFest, the Scotiabank Toronto Caribbean Carnival and the Scotiabank CHIN International Picnic, reports the Globe and Mail.

Recently, the bank announced it would end its 10 year run with Nuit Blanche because the all-night art party no longer fits with Scotiabank's "sponsorship strategy."

According to the Globe, Scotiabank put more than $25 million towards community and cultural events in the GTA last year. That number includes the four it dropped. It remains to be seen what each of the events that have lost funding will do to make up for the gap in 2016.

Photo by Jen Tse

by Amy Grief via blogTO