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Calgary investment dealer FirstEnergy cancels annual Stampede party amid oil downturn

Stampede-week parties are often viewed as a barometer of the economic climate in Calgary, with hosts spending big when times are good and pulling back when they're not.

CALGARY — One of the greatest events on the Calgary Stampede’s party circuit won’t go ahead this year.

Investment dealer FirstEnergy Capital states that, the very first time in 2 decades, it won’t be hosting its annual FirstRowdy bash this July.

In past years, the party has been headlined by big-name acts like the Barenaked Ladies.

In a letter to clients, CEO John Chambers and chairman Jim Davidson say the decision to cancel would be a tough one.

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