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Article

Support Mechanisms for Canada’s Cultural and Creative Sectors during COVID-19

by
Charlie Wall-Andrews
1,*,
Emma Walker
2 and
Wendy Cukier
1
1
Ted Rogers School of Management, Ryerson University, Toronto, ON M5G 2C3, Canada
2
Department of Arts Culture, and Media, University of Toronto Scarborough, Toronto, ON M1C 1A4, Canada
*
Author to whom correspondence should be addressed.
J. Risk Financ. Manag. 2021, 14(12), 595; https://doi.org/10.3390/jrfm14120595
Submission received: 10 August 2021 / Revised: 13 November 2021 / Accepted: 17 November 2021 / Published: 10 December 2021
(This article belongs to the Special Issue Economic Sustainability of Culture and Cultural Tourism)
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Abstract

The cultural and creative industries enhance the quality of life for Canadians and visitors to Canada. However, definitions of the sector vary, presenting challenges for researchers and policymakers. Government data shows that the pandemic job and revenue loss were disproportionate in the arts. The Canadian government created a range of financial tools (grants and subsidies) to support the sector during the Pandemic. This paper analyzes these financial instruments created in response to the Pandemic. This paper offers a case study on how government can support the economic and social success of the creative and cultural sector (CCS) in Canada and avoid the risk of the cultural ecosystem collapsing. In addition, the key findings may be helpful in other industries and markets when exploring ways to support the cultural and creative sectors, which are vital components of domestic and tourism activity.
Keywords: cultural investment; stimulate tourism; pandemic recovery; Canada; public policy; grants and financial instruments; arts management; cultural policy cultural investment; stimulate tourism; pandemic recovery; Canada; public policy; grants and financial instruments; arts management; cultural policy

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MDPI and ACS Style

Wall-Andrews, C.; Walker, E.; Cukier, W. Support Mechanisms for Canada’s Cultural and Creative Sectors during COVID-19. J. Risk Financ. Manag. 2021, 14, 595. https://doi.org/10.3390/jrfm14120595

AMA Style

Wall-Andrews C, Walker E, Cukier W. Support Mechanisms for Canada’s Cultural and Creative Sectors during COVID-19. Journal of Risk and Financial Management. 2021; 14(12):595. https://doi.org/10.3390/jrfm14120595

Chicago/Turabian Style

Wall-Andrews, Charlie, Emma Walker, and Wendy Cukier. 2021. "Support Mechanisms for Canada’s Cultural and Creative Sectors during COVID-19" Journal of Risk and Financial Management 14, no. 12: 595. https://doi.org/10.3390/jrfm14120595

APA Style

Wall-Andrews, C., Walker, E., & Cukier, W. (2021). Support Mechanisms for Canada’s Cultural and Creative Sectors during COVID-19. Journal of Risk and Financial Management, 14(12), 595. https://doi.org/10.3390/jrfm14120595

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