Thank you for the question.
You've given a good description of this drama which affects us and the communities in which we are present. We have also experienced in Calgary what you experienced in your riding. In 2020, the business community was dismayed that the Stampede would not be held. We will see what happens in 2021.
It was the same with the Toronto International Film Festival, or TIFF, which normally has a huge economic impact. This was the case for Bluesfest in Ottawa, for the Montreal International Jazz Festival as well as for the Quebec City Summer Festival, which normally benefits merchants on Grande Allée in Quebec City. They have all been deprived of this revenue.
It's not just our festivals and events that are impacted economically; the communities as well as the tourism industry, which is part of this ecosystem, are also impacted. That is why we have recommended the creation of a tourism industry stimulus program that builds on festivals and events. It's a program based on a 2009 and 2010 initiative, the marquee tourism events program. We made this proposal, and the committee recently included it in this recommendation 55. We very much hope that in next week's budget, the government will have good news for us.
With respect to revenues in the coming year, own-source revenues are not likely to be there, or certainly not to the same extent as usual. A question mark remains over the Canada emergency wage subsidy. We hope it will be extended.
This program would supplement our revenues and get us through the second half of the desert, as I call it.