Festival says it finds itself in a cash crunch with competition from FIFA, lack of government funding for first time in its 16-year history
Published May 26, 2026 • 1 minute read

Looks like they’re ducking out.
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Citing a lack of funding, the Toronto Waterfront Festival, an annual Harbourfront gathering that features live entertainment, tall ships and the world’s largest rubber duck, will not go ahead this season, the festival said in a news release.
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But there are plans to come back next year in a bigger way.
The festival says excitement over the FIFA World Cup has created competition for event sponsorship, and it finds itself in a cash crunch that it can’t escape, adding that this is the first time in its 16-year history that it has received no government funding.
“The Toronto Waterfront Festival has been an award-winning event for 16 years,” Mike Riehl, chair, Water’s Edge Festivals and Events Board of Directors, said in a news release. “We have welcomed millions of visitors, driven tens of millions of dollars in economic impact, and consistently delivered world-class programming that put Toronto’s waterfront on an international scale. Taking a year off is not a decision we made lightly. As a free, not-for-profit festival, without any government grant support and a decrease in corporate sponsorship, we are not in a financial position to put on a successful event for 2026. We are committed to doing this right, and we will be back.”
‘Giant’ return
The festival is pledging a “giant” 2027 festival, with the return of Mama Duck, a six-storey, 16,000-pound rubber duck that the festival claims has brought more than $9 million in tourism.
“Mama Duck floated into Toronto in 2017 to celebrate Canada’s 150th anniversary. A decade later, we felt it was only fitting for her to waddle back for Canada’s 160th in 2027,” says festival co-producer Victoria Mahoney.
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