Soft oil prices could take the ‘Yahoo’ out of Stampede 2015

Global News

CALGARY – The biggest private Stampede party saw 17,000 attendees at Fort Calgary in 2014. But this year, soft oil prices, job losses and budget cuts are having an impact.

“We are not immune to the economic downturn,” said Stampede Roundup manager Caitlin Boyle. “We have seen ticket sales are a little bit slower, but we do expect they will sell out before the event.”

READ MORE: Recap of the 2015 Canvas Auction as Stampede countdown begins

Oil was over $100 per barrel during last year’s Stampede, but now it’s in the $50s. This means corporate hospitality budgets are down; companies don’t want to spend money wining and dining clients after employees lost their jobs.

“I have suppliers that say their events are cut by half, and to speak specifically to budgets, there are things being taken out that are sort of ‘nice-to-haves’…A lot of budgets are sort of healthy…

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