Cor­po­rate Cal­gary cuts Stam­pede spend­ing

The Guardian (Charlottetown) - - BUSINESS -

CAL­GARY — This time last year David Howard was get­ting ready to host a num­ber of high-pro­file cor­po­rate par­ties as part of Cal­gary's Stam­pede, but that's not the case this time around. “Ba­si­cally, it's gone from where last year we were pro­duc­ing two events a day to where we're out of the game com­pletely,” said Howard, pres­i­dent of the Event Group. His com­pany is one of many feel­ing the bite of low oil prices as energy com­pa­nies cut back spend­ing on this year's Stam­pede, which kicks off Fri­day. Howard said com­pa­nies are opt­ing to host their own events with lower bud­gets, which he's help­ing them with, but the big events are scarce this year.

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