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The hard hats came off for the first official concert at TD Coliseum in Hamilton, Ontario last Friday night (Nov. 21) — and it started with a bang.
The first show at the former Copps Coliseum and FirstOntario Centre arena since its nearly $300-million transformation by American sports and live entertainment company Oak View Group was one of the most prominent music legends still playing today: Sir Paul McCartney. That’s a big flex for a venue aiming to prove itself as both a relief valve for the red-hot Toronto live music touring market and a destination in its own right, as well as Oak View Group’s new flagship venue in Canada.
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McCartney has a discography packed full of some of the most immortal songs of all time from the Beatles to Wings to his solo career, and the multigenerational crowd that packed the sold-out 18,000-capacity venue showed their appreciation by shouting and singing along with every song.
Partway through the set, the 83-year-old artist took an informal poll: “How many of you here are actually from Hamilton?” he asked, before repeating the question asking how many are not. Judging by the cheers, it sounded like 60-40 out-of-towners to Hamiltonians. It’s been nearly 10 years since McCartney last played the city, and he made it count with a marathon 36-song setlist that lasted close to three hours.
The arrival of TD Coliseum may be described as an upgrade of an existing arena, but that tag seriously underplays the significance of what is a genuinely dramatic $300 million transformation of the 18,000-capacity venue.
The ribbon cutting on Nov. 20 was attended by Ontario Premier Doug Ford (taking time out on his birthday), several of his provincial cabinet members, the mayor of Hamilton, Andrea Horwath, and high-level representatives from Oak View Group, the Denver-based international venues giant in charge of the project, and its partners, including TD Bank and Live Nation Canada.
Nick DeLuco, senior vice president and general manager of TD Coliseum, launched the event by recalling that “749 days ago, we were here, talking about a vision, a dream of what this venue was going to become, and now it’s real.”
Read more on the opening McCartney concert here and the opening of TD Coliseum here. — Richard Trapunski and Kerry Doole
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Macklam Feldman Management Celebrates 30th Anniversary
Macklam Feldman Management (MFM) is celebrating 30 years.
As the Canadian-born international talent agency embarks on its third decade, the company is welcoming new team members and a bevy of emerging talent.
Founded in Vancouver in 1995 by industry titans Stephen Macklam and Sam Feldman, the partnership initially emerged to manage Irish folk band The Chieftains. The success of the group proved their joint prowess — and Macklam Feldman Management was born.
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Since then, the management company — a subsidiary of Feldman’s A&F Music Ltd. — has overseen and guided the careers of some of the biggest artists in the world including Joni Mitchell, Norah Jones, Leonard Cohen, Bette Midler, Tracy Chapman and James Taylor alongside a roster that today includes legends Sarah McLachlan, Diana Krall, Elvis Costello, Colin James and more.
“We’ve been fortunate to work with some of the most iconic artists in the world, and this recent momentum marks the most concentrated period of investment in artist development since the company was founded,” Feldman tells Billboard Canada.
While working with icons like McLachlan and Costello, Macklam and Feldman are music industry legends in their own right. (The latter also founded The Feldman Agency, one of Canada’s biggest booking agencies, before selling the namesake company to his executive team in 2019.) Recently, however, MFM has increasingly invested in artist development.
Over the last two years, MFM has expanded its team with four new staff members — Samuel Chadwick, Sam Hughes, Connor Macklam and Wesley Attew — who are dedicated to artist development and digital marketing. They will work with artist managers Scott Oerlemans and Kyle Kubicek to strengthen MFM’s artist development and digital marketing operations for their growing roster.
Over the past year, they have welcomed a new wave of artists, including American singer-songwriter aron!, rock band Tommy Lefroy, U.K. post-punk band YAANG and country singer Dawson Gray. They join 2022 signees, emerging folk-pop trio Tiny Habits, who recently opened for McLachlan on her 30th anniversary Fumbling Towards Ecstasy tour. Each brings a fresh musical perspective and global prospects to the agency.
Read more here. — Heather Taylor-Singh
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New National Report Calls for Boost to Indigenous Music ‘Discoverability’ in Canada’s Streaming Era
As Canada updates its rules for how streaming platforms support local culture, a key opportunity is emerging to strengthen the visibility of Indigenous music at home and abroad.
The Indigenous Music Office (IMO) has released a new study that sheds light on the challenges affecting Indigenous artists and music companies accessing international markets.
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Pathways to International Markets: A Strategy to Increase Export Capacity for Indigenous Music is the music organization’s first major research project. The study establishes four key strategic directions that identify the roles that funders, music industry organizations and partners play in increasing financing, professional development and discoverability for Indigenous artists and industry professionals.
In the study, the IMO highlights that export activities generate significant career development opportunities for Indigenous music artists. However, most funds available to the Canadian music industry lack a strategic focus on assisting the development and export of Indigenous music.
“A strategy to increase the export capacity of the Indigenous music sector is timely as demand for Indigenous music is growing in Canada and around the world,” the report reads.
This includes financing the growth of a domestic Indigenous-owned and led music ecosystem, strengthening export readiness of Indigenous artists, prioritizing international showcasing, touring and networking and promoting discoverability of Indigenous music on streaming and broadcasting platforms.
The study calls for promoting “discoverability of Indigenous music on streaming and broadcasting platforms” as the most specific pathway for Indigenous artists and organizations to reach larger audiences.
In addition to working closely with the CRTC on the implementation of Online Streaming Act, the IMO has assisted in the development of the commission’s new Indigenous Broadcasting Policy, in partnership with First Nations, Métis and Inuit broadcasters, along with Indigenous content creators and audiences.
The study was developed amidst the implementation of the Online Streaming Act, a once-in-a-generation update to CanCon regulations, and ongoing Canadian Radio-television and Telecommunications Commission (CRTC) hearings. In September, various Canadian music orgs voiced their opinions on the changes, one of which highlights the importance of artist discoverability for Indigenous musicians.
An important part of the hearings was last year’s CRTC decision to enforce major foreign-owned streaming services with Canadian revenues over $25 million to pay a now-paused 5% of revenues into Canadian content funds, like the Indigenous Music Office and FACTOR.
Read more here. — HTS
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The next generation of music industry visionaries, entrepreneurs and changemakers showed up in droves for the first-ever edition of Billboard Canada 40 Under 40.
Yesterday (Nov. 20) at W Toronto marked the first time Billboard‘s influential celebration came to Canada, recognizing the executives and innovators shaping the global music business. The night was in partnership with YouTube, W Toronto and Hendrick’s.
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“There’s really a lot of optimism here,” shared Richard Trapunski, National Editor at Billboard Canada. “There’s so much talent coming out of Canada that’s really shaping what’s happening in the music industry worldwide. It’s great to get a chance to celebrate those people and those voices who are pushing that conversation.”
Elizabeth Crisante, Billboard Canada’s Chief Commercial Officer, noted that many driven and successful achievers don’t get a chance to celebrate their wins.
“The interesting thing about highly ambitious people is they have laser-like focus on the goals in front of them,” she said. “Often, they may not take the time to step back and look at how far they’ve come, how much they’ve grown and how much impact they’ve had in the community — and that’s why tonight is so special.”
La Mar Taylor accepted the first-ever Billboard Canada 40 Under 40 Visionary Award, presented by YouTube. The globally successful 35-year-old is a co-founder of the culture-defining XO Records and is The Weeknd‘s longtime creative director. His work with The Weeknd, including his record-breaking After Hours Til Dawn Tour, cemented him as one of the most influential creative directors in music today.
Taylor is also building the next generation of Canadian talent through HXOUSE, the Toronto creative incubator he co-founded to provide mentorship, studio space and networking opportunities for emerging artists, designers and musicians.
In his acceptance speech, Taylor made sure to celebrate his hometown, thanking XO, The Weeknd and the HXOUSE community. He expressed enthusiasm about 40 Under 40 becoming an annual event, praising the strength of the music community in Canada that deserves recognition, while also calling for a stronger creative ecosystem in Canada.
“It’s up to us to pave the way and really bring Canada to where it needs to be. Let’s be on the journey together. Let’s kill it.”
The majority of the inaugural honourees came to celebrate, including SOCAN executive director and TMU assistant professor Dr. Charlie Wall-Andrews, MRG Live’s senior talent buyer, Samantha O’Connor, senior manager of label partnerships at Universal Music Canada, Angela De Medeiros, Sony Music Canada marketing manager, Vanessa Adams, Live Nation Canada’s director of Latin music, Ricky Taco, senior music manager at SiriusXM Canada, Siobhan Woodrow, 604 Records’ head of streaming, Julia Amodeo, Yonis, co-founder of Active Cause and many more.
Read more from the celebration here and find the full Billboard Canada 40 Under 40 list here.
Warner Music Canada Appoints New Co-GMs Julia Hummel & Madelaine Napoleone
Warner Music Canada has named Julia Hummel and Madelaine Napoleone as its new co-general managers, the company announced today.
The Toronto-based executives — both Billboard Canada Women in Music 2025 honourees, and with Hummel also recognized on Billboard Canada’s 40 Under 40 list — will jointly lead the company’s strategy across one of the world’s top music markets.
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Hummel and Napoleone will report to Eric Wong, president of East West Records and head of global A&R for recorded music at Warner Music Group.
Before their promotions, Napoleone was VP of marketing and Hummel served as VP of digital strategy and business development. Both joined Warner Music Canada in 2022.
The leadership shift arrives as Warner Music Group continues implementing a global plan to streamline operations and increase investment in music. It also follows the recent departure of Kristen Burke, who previously served as president of Warner Music Canada.
“Madelaine and I are excited to shape the next phase of Warner Music Canada’s growth,” Hummel said in an exclusive statement to Billboard Canada. “We’re committed to strengthening the bridge between our global artists and Canadian fans, and to ensuring that Canadian voices are heard on the world stage.”
“Julia and I are proud to help Canadian artists leverage Warner Music’s global network while building more opportunities for international talent here in Canada,” Napoleone added. “Our passion for music and dedication to supporting artists remain at the core of our work.”
Wong said he has “the utmost confidence” in their leadership, citing their combined expertise in marketing and digital strategy as key to advancing the company’s Canadian business.
The company also confirmed that Andy West, who served as EVP and general manager for the past three years, has exited the company.
Read more here.
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La Mar Taylor has been named the first-ever Billboard Canada 40 Under 40 Visionary Award honouree. It’s a recognition of the work he’s done over more than a decade with The Weeknd, and the impact he’s had on Toronto’s creative community.
This summer, Taylor stood inside a packed Rogers Centre watching The Weeknd’s sixth sold-out hometown show. For him, it felt like a full-circle moment. He and Abel Tesfaye met as teenagers in Scarborough, dropped out of school together and built their careers from scratch. Taylor shot the cover of House of Balloons, helped shape the early XO era and has been behind the creative direction of The Weeknd’s albums, videos, tours and even the Super Bowl halftime show.
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The After Hours Til Dawn Tour, now the biggest R&B tour in history, is the latest chapter in that run. Taylor says the aim is always to push ideas further than the last project.
Outside of XO, he co-founded HXOUSE, a Toronto incubator offering space, mentorship and community for young creatives. He’s vocal about the challenges facing Canadian talent but believes persistence and strong ideas can still break through.
Taylor will receive the Visionary Award at the Billboard Canada 40 Under 40 event at the W Toronto on November 20.
Read the full interview here. — Richard Trapunski
Cameron Whitcomb’s Country Hit ‘Options’ Rises on Billboard Canadian Hot 100
Cameron Whitcomb is hitting a new peak.
After nine weeks on the chart, the Canadian country singer’s track “Options” rises 69-64 on the Billboard Canadian Hot 100, dated Nov. 15.
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“Options” is an energetic folk anthem from Whitcomb. It describes his sobriety journey, and finds Whitcomb reflecting on the various paths he could take.
“I won’t but I could / pull that bottle off that shelf / it helps me cope knowing I could be that version of myself,” he sings, supported by powerful backing vocals that lift him up along the way.
The B.C.-native is having a major year. Whitcomb first broke out as a contestant on American Idol in 2022, and has since landed four straight singles on the Canadian Hot 100 — all before his debut full-length album, The Hard Way. It’s an impressive track record for a young artist at this stage.Read more on the chart feat here. — Heather Taylor-Singh
Live Nation Report Finds Canadians Prefer Live Music as Favourite Form of Entertainment
When it comes to entertainment, Canadians prefer live music.
In a new report by Live Nation, titled Living for Live, they found that nearly four in 10 people (37%) would choose live music as their preferred form of entertainment, ranking higher than both sports and movies.
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Based on a survey of 40,000 people across 15 countries, the report captures a shift in how people spend their time, express their identities and connect with others through live music experiences.
The report noted that fans in Canada build their livelihoods around live music — 83% said a concert is one of their most memorable life moments, while 72% claimed to plan their calendars early to catch a certain artist’s show.
Live music is a major part of the Canadian music industry. Earlier this year, the Canadian Live Music Association (CLMA) revealed that live music contributes billions to the Canadian economy — $10.92 billion in 2023 — to be exact.
However, it’s not just consumers who are reaping the benefits. Two years ago, live music in Canada produced $3.73 billion in tax dollars and generated more than 101,640 jobs, contributing $5.84 billion in labour income.
Read more here. — Heather Taylor-Singh
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Today is officially Music Creator Day.
Spearheaded by SOCAN, the date was acknowledged by Senator René Cormier on Nov. 4 in the Canadian Senate and by Member of Parliament David Myles in the House of Commons two days later.
As of 2025, Nov. 7 will now be annually observed as Music Creator Day across the country.
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It coincides with beloved Canadian singer-songwriter Joni Mitchell’s birthday, paying tribute to her contributions and representing a lasting legacy for the next generation of musicians.
“Thank you for honouring my work in this manner,” Mitchell says in a statement. “Although I have lived mostly in the States since I was 21, I live part-time in B.C. I have always been proud to be a Canadian and lately more than ever.”
Earlier this year, Mitchell was honoured with SOCAN’s 2025 Cultural Impact Award, recognizing her impact as a Canadian songwriter. Canadian singer-songwriter Allison Russell performed a showstopping rendition of “Both Sides Now” at the SOCAN Awards and spoke to Billboard Canada about her work with the legendary artist. “Getting to be in creative communion and community with her has been one of the most surreal gifts of my life,” she said.
“I invite you all to sit down and enjoy your favourite Joni song, or a song by any other amazing Canadian, and honour the great musical creators of this country on Music Creator Day,” says MP Myles.
The declaration is accompanied by a recent survey conducted by Pollara for SOCAN on the connection between Canadian music and culture. They report that 81% of Canadians believe supporting local music creators is vital to ensuring our culture thrives for future generations, with 77% claiming local music helps define Canadian culture.
It’s reflected on the charts, too. As of November, five Canadian artists have hit No.1 on the Billboard Canadian Albums chart, including two albums from The Weeknd, PARTYNEXTDOOR & Drake’s collaborative $ome $exy $ongs 4 U and Tate McRae’s So Close to What, marking the pop singer’s first No. 1 on the chart. The most recent was Justin Bieber’s Swag, which sat at No. 1 for one week.
Read more here.
Canadian Government Renews Canada Music Fund in 2025 Budget
The Canada Music Fund has been renewed.
After a few weeks of uncertainty from independent Canadian music industry groups, yesterday (Nov. 4), the government officially renewed and allocated $48 million to the fund, in the first federal budget tabled by Finance Minister François-Philippe Champagne — it will be distributed over the next three years, beginning in 2026.
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The decision serves as a moment of celebration for Canadian music organizations. Québec music organization ADISQ shares that it’s a relief for the industry.
“This renewal was essential for our companies to continue investing fully in the career development of local artists, and thus maintain the sector’s competitiveness,” says Eve Paré, executive director of ADISQ, in French. “Public funding provides leverage for our industry. It plays a vital role in reaching the full potential of our cultural vitality.”
For over four decades, the Canada Music Fund has been a cornerstone of Canada’s music economy, supporting FACTOR and Musicaction, two of the country’s biggest and most important music grants.
The Canada Music Fund’s $48 million renewal extends the $16 million annual boost that was announced as a temporary two-year top-up in 2024, with another $16 million for the next three years.
Securing stable funding will enable music orgs to meet the challenges they face, such as declining contributions to private radio broadcasting, and will serve as a boost after the paused 5% revenue funds for major foreign-owned digital streaming platforms under Bill C-11.
The Canadian Independent Music Association (CIMA) notes that the renewal is a sign of recognition and validation for homegrown artists and organizations.
“Canadian music companies and the artists they work with represent a dynamic economic engine powering the growth of Canada’s cultural economy. This budget announcement is an encouraging step forward,” says Andrew Cash, president and CEO of CIMA.
The renewal will benefit live music organizations, too. The Canadian Live Music Association (CLMA) enthusiastically welcomed the federal government’s continued investment in Canada’s cultural sector, “including the commercial live music infrastructure of venues, festivals and promoters that connect artists to audiences across the country.”
In addition to the renewal, the government has announced a $150 million funding increase for CBC/Radio-Canada, with hopes of the country securing a spot on Eurovision’s international song contest.
“Public funding preserves a dynamic local ecosystem that values what makes us unique. We must now work to guarantee the sustainability of this funding and thus ensure the future of our music,” says Paré.
Read more here.
Music Streaming Services Call On National Assembly of Québec to Forego French-Language Quotas
Music streamers are speaking out against new French language music streaming legislation.
The Digital Media Association (DiMA), the trade association and lobby group that represents platforms including Spotify, Apple Music and Amazon Music, has raised concerns about Bill 109, a proposed new law that would ensure French-language content is prioritized by digital platforms operating in the province.
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Bill 109, titled An Act to affirm the cultural sovereignty of Quebec and to enact the Act respecting the discoverability of French-language cultural content in the digital environment, was introduced in May by Québec’s Culture Minister Mathieu Lacombe.
If passed, the act would “enshrine the right to discoverability of and access to original French language cultural content” into Québec’s Charter of Human Rights and Freedoms, and allow the province’s government to mandate “the quantity or proportion of original French-language cultural content that must be offered by digital platforms.”
The bill states that the Quebec government has to establish content quotas on how much music needs to be produced or featured on these platforms, although no numbers were specified. All platforms would be required to register with Lacombe.
According to DiMA, the major streaming services don’t want any new discoverability requirements and French language quotas.
In a submission to the Committee on Culture and Education in the Québec National Assembly, the music association writes that “mandating quotas and the discoverability of certain tracks or types of tracks risks altering the business model that has made streaming so attractive and has delivered vital revenues to artists and the music industry.”
The organization fears that if there is government intervention, it will affect how the streaming services operate, and “degrade the user experience,” which may limit the flow of revenue to Francophone artists and rightsholders.
Additionally, DiMA raises logistical issues with the government’s implementation of content quotas.
DiMA highlights that the key to ensuring both parties are satisfied is prioritizing the ultimate objective — to promote the language and culture of Québec.
“We believe the most effective path forward is one focused on listener choice, not constraint. Québec artists and Francophone music are thriving on streaming services today because audiences are empowered to find and listen to music organically,” says Graham Davies, DIMA’s president and CEO.
“By working together — combining the government’s cultural vision with the streaming services’ reach, expertise and innovation — we believe Francophone and music of Québec can continue to thrive both at home and on the global stage.”
While Quebec is pushing discoverability of French-language music, the online platforms are pushing back against the cross-country “streaming tax battle,” pushing against the Canadian Radio-television and Telecommunications Commission (CRTC)’s now-paused plan to require major foreign streaming companies to invest 5% of their income to support Canadian content.
DiMA has led a campaign called “Stop The Streaming Tax,” which some in the music industry have called “disingenuous.” Services like Spotify, meanwhile, have been touting the success of francophone music on its platform.
Read more here.
Trending on Billboard
Rufus Wainwright is the latest singer to change the lyrics of “O Canada.”
At Wednesday’s (Oct. 29) Game 5 of the World Series between the Toronto Blue Jays and the Los Angeles Dodgers, the Montreal-raised singer-songwriter performed a bilingual version of the Canadian national anthem at Dodger Stadium.
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Instead of the anthem’s usual line, “true patriot love in all of us command,” Wainwright sang: “true patriot love that only us command.”
The change has been interpreted as a protest of U.S. President Donald Trump, who has made threats of annexation of Canada as the “51st state.”
It’s the same lyrical change that fellow Canadian singer Chantal Kreviazuk made during the height of tariff tension in February, while performing at the final 4 Nations Face-Off hockey game in Boston, Massachusetts.
Kreviazuk subsequently shared a now-deleted Instagram post, confirming that the lyric change was intentional and that she wrote the words on her hand to remember them.
“I truly believe that we must stand up, use our voices and try to protect ourselves,” she wrote at the time. “We should express our outrage in the face of any abuses of power. I was raised in part by music that was inspired by brave voices committed to peaceful conflict resolution.”
This isn’t the first time a Canadian artist has taken a jab at Trump’s comments. Country singer Dallas Smith is currently on a 51-date cross-country tour, an intentional nod to the 51st state comments, making intimate stops all across Canada.
Two days before Wainwright’s performance, Toronto-born, Los Angeles-based singer JP Saxe performed the Canadian national anthem at Dodger Stadium during Game 3. He swapped out the “Our home and native land” line for “Our home on native land.”
Saxe went viral on social media in August for starting an important conversation about touring as an artist, after cancelling his tour due to low ticket sales.
He followed in the footsteps of acclaimed singer-songwriter Jully Black, who made the one-word lyric change in 2023, while performing “O Canada” at the NBA All-Star Game. Black went on to be honoured by the Assembly of First Nations.
Wainwright and Saxe join the growing list of Canadian artists who have performed the national anthem at this year’s World Series, including Alessia Cara (Game 2) and Deborah Cox (Game 4).
Following yesterday’s 6-1 win, the Jays are one game away from winning the World Series, which returns to Toronto for Game 6 tomorrow night (October 31) and Game 7 (if necessary) on Saturday (Nov. 1).
Read more here. — HTS
Toronto’s Budweiser Stage to Become RBC Amphitheatre
Say hello to RBC Amphitheatre.
Live Nation Canada and RBC have announced a multi-year partnership to expand the Toronto waterfront venue — starting with the replacement of its former name, Budweiser Stage, effective immediately.
RBC Amphitheatre is set to be transformed and expanded into a year-round venue by 2030.
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The concert venue, on the site of the old Ontario Place Forum, opened in the mid-1990s under its initial name, Molson Amphitheatre, and was renamed Budweiser Stage in 2017. Its new name is a callback to its origins.
“It is a nod to the past, but it’s also forward looking,” says Wayne Zronik, president of business operations at Live Nation Canada, in an interview with Billboard Canada. “We’ve all been down there for shows. It’s been around for 30 years, and it’s one of the best in the world. It’s so amazing and so to preserve that, yet to also have it be available in this very unique year-round configuration for generations to come is very exciting for us.”
Embarking on renovations, the event space will expand its indoor and outdoor capabilities. By becoming a full-year venue, RBC Amphitheatre will include an expanded capacity in the summer and approximately 9,000 seats in the winter, featuring seated and an open-air lawn section from May to October.
Zronik says the winterization will include an “operable panel system” that will enclose the pavilion in a temperature-controlled environment starting in the fall months.
The event space is expected to close for renovations in fall 2027 and reopen in spring 2029, with full-year capabilities complete by summer 2030.
Inspired by fan feedback, the venue will feature a pedestrian bridge that improves access and eases crowd flow. Live Nation also promises upgraded amenities like expanded food and beverage options, hospitality areas and a new lookout deck with elevator access to the lawn. The city skyline views will remain central to the venue’s identity.
With the proposed changes and transformation, RBC Amphitheatre is set to significantly increase its show count, hosting over 1.5 million fans annually.
Venue upgrades will include multiple tiers of VIP experiences (as is the current trend with venues), as well as infrastructure to support modernized concert production and backstage amenities for some of the biggest artists in the world. Toronto has become one of the biggest global touring markets, which has inspired Live Nation’s expanded presence in venues, including the new Rogers Stadium that opened this summer.
“I think we have to continue to invest in cultural infrastructure so that we can accommodate these shows,” says Zronik. “The Amphitheatre is 30 years old; by the time this is done, it would have been 35. You have to revitalize these things.”
Building signage of the previous venue name will remain visible as the space transforms in the months leading up to the 2026 season, when the RBC Amphitheatre name will replace it. The venue currently has four shows announced for next year’s lineup, including Canadian rapper bbno$, American musician MGK, country star Bailey Zimmerman and Australian boy band 5 Seconds of Summer.
Read more here. — Heather Taylor-Singh, Richard Trapunski
Independent Music Industry Groups Ask for Public’s Help to Renew Canadian Music Funding
Independent music organizations are asking the public for help as the deadline looms for Canadian music funding.
A $16 million annual boost was announced in 2024 as a temporary top-up to the Canada Music Fund — which supports both FACTOR and Musicaction, two of the country’s biggest and most important music grants.
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The update promised $32 million over two years to enhance the careers of Canadian artists, while strengthening the competitiveness and stability of the Canadian music sector.
With the deadline for the funds approval looming by March 31, 2026, independent groups including the Canadian Independent Music Association (CIMA), SaskMusic, Music NL and more have requested the public’s assistance in reaching out to local MPs to ensure the funds are renewed.
If not, they warn, the investment, which impacts Canadian-owned music companies and artists, could be slashed by up to 50%.
Earlier this month, the federal government announced that the 2026 budget will be discussed on Nov. 4 — months earlier than its initial March deadline.
The news comes at a pivotal time for the Canadian music industry.
According to CIMA, contributions from private radio broadcasting to FACTOR have significantly decreased from $16 million in the early 2020s to approximately $2 million this year. In 2024, the funding body was the victim of a $9.8 million cybertheft.
Meanwhile, funds from Bill C-11 (Online Streaming Act), a part of which was intended to allot 5% of revenue from major foreign-owned digital streaming platforms, have been paused after major streamers like Spotify, Amazon and Apple took the government to court.
“Whether you are a large Canadian company, a new music start up, an established artist or fledgling musician, everyone in our sector benefits from the investments made by FACTOR and Musicaction,” shares Andrew Cash, CIMA president and CEO, in a statement.
Cash urges the public to contribute by emailing Stephen Guilbeault, Minister of Canadian Identity and Culture, François-Philippe Champagne, the Minister of Finance and Prime Minister Mark Carney.
“Now more than ever before we need to be strengthening the fabric of Canadian-made culture,” he said.
With only a week to go, the organizations are encouraging the public to speak up by emailing representatives.
Read more here. — HTS
Trending on Billboard
Taylor Swift is breaking multiple Billboard chart records in Canada.
As with many of the artist’s recent releases, Swift’s new album, The Life of a Showgirl, has been a blockbuster success since its release on Oct. 3.
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According to new data from Universal Music Canada, Luminate and Billboard Canada chart performance, in its first week of charting, Showgirl was the biggest album debut in the country for Swift in the modern streaming era — or for any artist.
The album debuted at No. 1 on the Billboard Canadian Albums chart, her 15th No. 1 on the chart. With this milestone, Swift is now tied with Canadian icon Celine Dion for the most No. 1 albums of all time in the country and is the only non-Canadian artist to reach that mark.
Swift’s last album, 2024’s The Tortured Poets Department, stayed at No. 1 for 12 weeks. Showgirl’s win continues Swift’s streak of 14 consecutive studio albums debuting at No. 1, beginning with 2008’s Fearless and including the four “Taylor’s Version” re-recordings: Red, 1989, Fearless and Speak Now.
Showgirl has now cemented Swift as the sole artist with all top 5 of the highest album debuts in Canada in the streaming era (since streams began contributing to Billboard chart performance in the early 2010s).
On last week’s Billboard Canadian Hot 100, the week of Oct. 18, the top 12 entries were all of the album’s 12 tracks. The album’s lead single, “The Fate of Ophelia,” hit No. 1 and has become the most-streamed song in a single day and a single week in Canadian history.
The Life of a Showgirl reportedly amassed over 1.5 billion global streams, securing the largest debut of 2025.
This isn’t the first time Swift has broken records in Canada — last year’s The Tortured Poets Department and her Post Malone-featuring single “Fortnight” earned similar chart records. At this point, Swift is competing with herself.
Read more here.
Samantha O’Connor Joins MRG Live as Senior Talent Buyer, Will Continue to Lead RAPSEASON
Samantha O’Connor has been appointed as MRG Live’s senior talent buyer.
The music industry executive will continue to lead RAPSEASON, Canada’s biggest hip-hop concert and culture promoter.
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O’Connor previously led the brand in her last role as talent buyer at INK Entertainment. In her new role at MRG, she will continue to grow the RAPSEASON brand and promote shows across the country.
Founded in 2015, RAPSEASON has presented concerts with a-list artists including Future, Central Cee, Cardi B, Post Malone, Summer Walker and Daniel Caesar, to name just a small sample. Now, RAPSEASON moves from INK to MRG, one of the country’s largest independent concert and live event companies.
“With the support and resources of MRG Live, I’m excited to continue growing the RAPSEASON brand, not only in Toronto, but nationally and internationally,” says O’Connor. “This next chapter offers an incredible opportunity to expand our reach, connect with new audiences, and spotlight the talent that drives the culture forward.”
Under O’Connor’s leadership, RAPSEASON is set to be introduced to new markets across its network throughout Canada. Currently, The MRG Group owns and operates 14 properties in Canada, including Toronto’s Queen Elizabeth Theatre and Adelaide Hall, Vancouver’s Vogue Theatre and The Revelry in Kelowna, British Columbia, and produces over 1,000 live shows annually through MRG Live. RAPSEASON branded content will also be integrated with the company’s media publication, Beatroute.
“Samantha O’Connor has proven a great astuteness in securing top-tier, identifying emerging talent and continuing to build the RAPSEASON brand,” shares Matt Gibbons, president of The MRG Group. “We are looking forward to both her and the brand’s further growth as they both integrate into our global network, our resources and our overall strategic approach.”
Read more here.
Ms. Lauryn Hill Embarking On Intimate Cross-Canada Tour
Ms. Lauryn Hill is making her return to Canada.
Independent, female-led promoter F7 Live announced the news, sharing the details of Hill’s tour, which kicks off this fall. The legendary American R&B singer and Fugees member is set to perform eight cross-country shows in intimate venues as part of her Artist In Residence tour.
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The tour kicks off in Winnipeg, Manitoba, on Nov. 19 at Burton Cummings Theatre, with further stops in Vancouver, Hamilton, Montreal, Calgary, Edmonton, Toronto and Ottawa.
This marks Hill’s return to Canada since 2023, when she performed at Vancouver’s Rogers Arena and Toronto’s Scotiabank Arena on The Miseducation of Lauryn Hill 25th Anniversary Tour. The rest of the North American shows came to a quiet ending after Hill cited vocal issues.
Since then, Hill has performed various pop-up shows, joining son YG Marley at this year’s Coachella, turning it into a Fugees reunion with Wyclef Jean. In July, she performed with Drake during day one of his three-day stint at the U.K. Wireless Music Festival. They debuted a mashup of “Ex Factor” and “Nice For What,” the former of which is sampled on Drake’s 2018 Scorpion track.
These shows will be at more intimate concert hall and theatre venues, including the iconic Massey Hall in Toronto.
Read more here.
Billboard Canada hosted its second annual Power Players celebration at Toronto’s Illuminarium on June 11, and the event brought out many of the most influential executives in Canadian music.
All three Canadian heads of the major labels were present, including Universal Music Canada’s Julie Adam, Sony Music Canada’s Shane Carter and Warner Music Canada’s Kristen Burke. Live Nation Canada’s Erik Hoffman and Melissa Bubb-Clarke — who, along with Riley O’Connor, were this year’s Power Players of the Year — were also at the event.
Derrick Ross of Slaight Music took to the stage to present the Impact Award. The honor was presented to Remix Project co-founder and October’s Very Own CEO Derek “Drex” Jancar, who was promoted to the role last year and continues to make a lasting impact in the business world, informed by his community impact.
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In addition to the award, the Slaight Foundation and Billboard Canada also presented Drex with a cheque for $10,000, representing a proud donation to the Remix Project.
Sony Music Canada’s Carter took to the stage to present the International Management Award to Courtney Stewart, Khalid’s manager and the founder of Right Hand Co. He recalled first meeting Stewart at one of Khalid’s shows and being instantly impressed by his drive and work ethic.
“Courtney has all the qualities that it takes to be not just a good manager, but a great manager and a great parent — two roles that are actually quite similar. For those of you who are managers, you have to be patient, kind, protective and unselfish,” Carter said.
“I am truly grateful for being recognized tonight, and I want to thank Billboard for all the great work that they do in the lives of artists,” Stewart said. “I am winning an award tonight, but the real win is what we’re doing for others. Uplifting other people, being a blessing to other people, uplifting other communities — that’s the real win. This win is not just about recognizing me, it’s about recognizing my right-hand team that’s so amazing and all of you out here because we have to come together to win — not for ourselves, but for other people.”
Hoffman and Bubb-Clarke were present to accept the Power Players of the Year Award, which also went to O’Connor, Live Nation Canada’s chairman.
“This is a crazy business we work in,” Hoffman said. “A lot has changed in the world of live music, but the one thing that’s remained consistent is that it is ultimately all about the artists and their fans. If we continue to work towards collective goals with that in mind, I think the world of live music will just continue to grow.”
Earlier that day, in the same venue, Billboard Canada hosted its first Managers to Watch event.
Billboard Canada national editor Richard Trapunski introduced the Billboard Canada Manager of the Year Award, which is given to a manager who exemplifies the vital work of the profession. “It’s a very special award,” he said. “It honours a manager who really takes things to a new level.”
Trapunski introduced The Beaches to present the award to their manager, Laurie Lee Boutet. This was prefaced by a speech from band member Jordan Miller, who reflected on how Boutet helped the group navigate the major obstacle of being dropped from its label and offered a different paradigm by not telling the band the same things every label did.
“She highlighted our strengths as four strong wild women, because that’s what she is too,” Miller said. “You are so much more than a manager. You are our sister and the fifth Beach.”
Boutet was moved by the speech and walked up teary-eyed to accept the award, first giving a nod to her peers in the room. “It’s an honour to be in front of all these people that I constantly text for advice,” she said. She described her experience managing the Beaches as the honour of her life, adding that they built something “feminine, genuine and really cool as f–k.”
Find all the Billboard Canada Power Players highlights here and Managers to Watch highlights here.
Daniel Caesar, Khalid and The Beaches Stun at Billboard Canada THE STAGE at NXNE
NXNE’s 30th edition was one for the ages. The long-running Toronto festival hosted the first edition of the Billboard Summit featuring A-list talent like deadmau5 and Punjabi superstar Diljit Dosanjh, as well as Billboard Canada’s first edition of THE STAGE.
Daniel Caesar played his first major headlining show at Mod Club in 2016. Returning to the same legendary venue after having reached arena headliner status, he treated the intimate show like a true homecoming. The Billboard Canada THE STAGE at NXNE show was by far the hottest ticket in town on Saturday night (June 14), and the lucky 500-plus fans in attendance were treated to something truly special from the hometown R&B star, who now lives in New York. It felt like something that could only happen once, at this particular time and this particular place, at this particular festival.
Instead of his full arena-style concert, Caesar opted for an acoustic set, sometimes with just him and his guitar and sometimes with accompaniment on keyboards or keys and drums. There was a spontaneity and looseness that connected him deeply to the audience, who knew every word to every song. It was reminiscent of Neil Young at Massey Hall in 1971, showcasing an artist who’s reached the heights of their career reconnecting with the true spirit of their early days with just a guitar, their beautiful aching vocals and the fans who’d been with them from day one. Though Caesar had worked out a large setlist (traded around on Reddit after the show), the singer-songwriter was clearly deciding which songs to play on the fly. He took requests from the audience, including rarities he hasn’t played in years.
Caesar even debuted a new song, “Moon,” which ached with the same tender vulnerability as his best music. When he first played the venue, he was in his early 20s. Now he’s 30: “Not young anymore,” he said but happy to see all the young fans in attendance. He was worried he was going to sob on stage, but instead got it all out of his system on the way to the venue, he admitted, passing all the pivotal spots of his youth.
Khalid filled up Sankofa Square on June 12 for a concert during which his fans showed up in droves to sing along loudly to several of his biggest hits. With four dancers in tow and a set full of undeniable bangers, Khalid put on a true standout performance in the heart of downtown Toronto at Billboard Canada THE STAGE at NXNE, which doubled as the festival’s 30th birthday.
From “Location” to “Young Dumb & Broke,” Khalid excited the packed square with songs from throughout his career. He even swiftly caught a friendship bracelet that was tossed to him by a fan and proceeded to make a heart gesture back at them.
Khalid was all smiles throughout his performance and received a roaring response upon asking if there were any day one fans in the crowd who have been following him since his breakthrough debut album, American Teen.
The Beaches are about to graduate to arena status, playing their hometown Scotiabank Arena this fall. But first, they had a special concert to play for more than 500 people at the Mod Club. It was a true hometown show for the band; as Eliza Enman-McDaniel put it, “I live a seven-minute walk away.” It also served as a full circle moment for Leandra Earl, who first saw the group’s previous incarnation, Done With Dolls, at the venue well over a decade ago before joining the band herself.
The viral success of The Beaches’ 2023 hit “Blame Brett” was not a one-off. The Toronto band has used it to propel themselves towards major rock stardom, and you could tell at this show. Taking turns on a platform onstage, they flexed their arena moves and propelled their songs with a particular new wave rhythm. The band’s Sunday night (June 15) show was one of the last of the festival, and its single “Last Girls at the Party” off the upcoming album No Hard Feelings felt particularly fitting. As the fans chanted along with the countdown in the lyrics, it felt like a catharsis to the whole week of NXNE.
Find all of the NXNE 2025 highlights here.
Billboard Canada Power Players is back for a second year, and it comes at a pivotal time for Canadian music. Canadian Content regulations — a principle that built the domestic industry — are up for review for the first time in a generation, with ongoing hearings taking place with the CRTC. The Online Streaming Act, meanwhile, is attempting to regulate major foreign streaming services to contribute to CanCon as the CRTC once did for radio — but companies like Spotify, Amazon and Apple Music aren’t taking it without a fight.
Those issues shadow the industry, which has recently seen both struggles and successes. The country was recently named the 8th largest music market in the world by the IFPI, and Toronto has emerged as a marquee live music market. That’s been reflected in the successes of and investments in new venues by companies like Live Nation Canada, MLSE and Oak View Group, who all appear on the list.
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As top execs at Live Nation Canada, Erik Hoffman, Riley O’Connor and Melissa Bubb-Clarke are orchestrating one of the most ambitious stretches in the company’s history. Together, the trio claims the No. 1 spot on Billboard Canada Power Players 2025. Already the biggest players in the Canadian music business, Live Nation is just getting bigger — and it’s on track for a record-breaking summer.
In the new Billboard Canada cover story, the three talk about their ambitious plans — including the about-to-open Rogers Stadium in Toronto, which will bring Oasis, Coldplay and BLACKPINK to the city this summer and triple the number of stadium shows.
Derek “Drex” Jancar of OVO Wins the Impact Award
As part of Billboard Canada Power Players, Derek “Drex” Jancar took the No. 1 spot in the Foundations category and accepted the Impact Award at the celebration in Toronto on Wednesday (June 11).
In the mid-2000s, Drex, Gavin Sheppard and Kehinde Bah co-founded The Remix Project, a community initiative that continues to influence global culture. Now, he’s doing it again as CEO of October’s Very Own (OVO).
On Wednesday night (June 11), Derrick Ross of Slaight Music presented Drex with the Impact Award as part of Billboard Canada Power Players 2025, with a donation to the Remix Project — a testament to the immense influence Drex has had within Canadian music and culture.
In an interview, Drex tells Billboard Canada about the impact of the Toronto community on all the work he does.
“It’s the nucleus of everything. It’s the thing you constantly come back to and think about: ‘Does this represent us, honestly and authentically?’” he says. “It’s where everyone worked on their skills and put blood, sweat and tears into their career paths. We obviously are global thinkers, but we’re always coming from that place. That’s our identity. It’s shaped us and it’s what makes us unique.”
Drex recalls meeting the key figures at OVO at Remix, including Oliver El-Khatib, Future The Prince, Niko Carino and Drake. The dedication that they poured into Drake’s burgeoning career in the late 2000s created a special energy in Toronto. He was already the hottest artist in the city, Drex recalls, but you could feel he was on the verge of becoming a global phenom — all while wearing his local connections on his sleeve.
“You could see what was happening behind the scenes, and it was really special to see everyone rally around and build such an amazing brand around him,” Drex says. “It was a time where you really started to believe in the city and the talent and the potential in the city and you were like, ‘Anyone can do anything from here. This is possible, it’s happening right in front of us.’”
The First Canadian Edition of Managers to Watch
Also this week, Billboard Canada unveiled its first Music Managers to Watch list.
Managers are the unsung heroes of the music industry. They are the hard-working decision makers behind some of the country’s most beloved artists. They make deals, orchestrate partnerships and make key strategic decisions. And though fans rarely know their names, they are key to the success of Canadian musicians. They don’t do it for personal glory, but to fulfill artistic visions that can break barriers and move millions.
These talented managers on the rise have helped some of the biggest artists tour stadiums, stun at the Met Gala or go gold without any label support. That’s an extra feat in Canada, where managers often have to navigate a tight-knit industry and geographic barriers to breakout success. In the feature, they share their tips for people new to the business and those who want to help introduce their artists to a global audience.
The list includes managers for Kaytranada, Jessie Reyez, Charlotte Cardin, Connor Price and more.
The Beaches’ manager, Laurie Lee Boutet, was named Manager of the Year. In an interview, she talks about how she helped navigate the Toronto band’s 2023 viral moment into sustained momentum on its way to its first hometown arena tour this fall.
The Billboard Canada Screen Composers of the Year Award has its inaugural shortlist.
The award, presented by SOCAN, is shining a light on five talented composers who have made a global impact, scoring some of the most powerful moments in film and television.
Together, these musicians are responsible for the sounds behind some of the most talked about television and cinema of the past year, from The White Lotus to Palm Royale, massive IMAX documentaries to video games to major broadcasts of one of Canada’s national pastimes: hockey.
The winner will be announced at Billboard Canada Power Players on June 11, giving these pivotal artists – often positioned behind the scenes – a position onstage alongside the most powerful executives in Canadian music.
The shortlisters include:
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Cristobal Tapia de Veer – A three-time Emmy and BAFTA-winning composer who’s known for work on critically acclaimed series like HBO’s The White Lotus, C4’s Utopia, Black Mirror, and No. 1 box office surprise hit Smile.
Andrew Lockington – Hybrid composer for sci-fi film Atlas, Mayor Of Kingstown, Lioness and Landman. An avid Maple Leafs fan, he also composed the theme for Amazon Prime Monday Night Hockey NHL broadcast series.
Michelle Osis – Four-time Canadian Screen Award nominee Michelle Osis is best known for her score to the gigantic screen documentary TRex in IMAX, as well as for her collaborations with composer Mark Korven on Netflix’s Don’t Move and the MGM+ series Billy the Kid. With partner Terry Benn, she’s composed for Carved for Disney+ and the festival favourites film Dark Match and Sway.
Mark Korven – Award-winning composer Mark Korven is best known for his scores to the A24 features The Witch and The Lighthouse, and for the over 10 million YouTube views of him performing on his invention, the Apprehension Engine. The last two years have seen him working The Black Phone, The First Omen and Until Dawn for Sony Playstation.
Jeff Toyne – Toyne’s score to Apple TV+’s Palm Royale (Kristen Wiig, Laura Dern, Carol Burnett) combines jazz, Latin and orchestral elements to evoke the 1960s and has won multiple Emmys and Canadian Screen Music Awards, among others.
Read more about all the nominees here.
deadmau5 & REZZ, Khalid Star on the Cover of Billboard Canada
Billboard is bringing the Billboard Summit to Canada next Wednesday (June 11) at Toronto’s NXNE, and one of the standout panels is a conversation between deadmau5 and REZZ. This week, the pair appeared on the cover of Billboard Canada to unpack their creative process in a rare joint interview.
“We produce in two totally different ways,” says Joel Zimmerman, the man behind deadmau5. “I am so old school and she is so new school.”
Both artists hail from Niagara Falls, Ontario, and both are known for their innovative production, DIY ethos and big-stage spectacle. They’re both big thinkers and big presences, instantly recognizable for their larger-than-life visual trademarks – deadmau5 with his signature LED mau5head helmet and REZZ with her hypnotic spinning light glasses – and they both have dedicated cult fanbases.
REZZ – born Isabelle Rezazadeh – cites deadmau5 as an immeasurable influence.
“He essentially birthed me as a producer,” she says. “He birthed my entire interest in making music.”
In 2021, deadmau5 and REZZ officially joined forces with their first on-record collaboration, “Hypnocurrency.” It’s dark, spellbinding and meticulously layered – a slow-burning cinematic journey that lands squarely between their two sonic worlds. To create it, they both had to step outside their comfort zones.
When asked what he learned from working with REZZ, deadmau5 doesn’t miss a beat.
“I learned that there are BPMs that actually do exist below 128,” he deadpans. “I didn’t know that all you had to do was click on the number and drag it down.”
The two give unprecedented access into how they create, including a tease of another upcoming track as REZZMAU5.
Read the full story here and get your tickets to Billboard Summit here.
Khalid will headline Billboard Canada The Stage at NXNE the following day, on June 12. He also joined Billboard for a cover story for Billboard Canada and Billboard that dropped today.
The R&B and pop artist talks about his ‘flirty side,’ gay identity and the myth that he’s an introvert. “My new era of music feels like I’m finally ready to be the artist I’ve always dreamt of being,” he says. “It goes back to the regressions of when I was a child — imagining myself and thinking, ‘I want to be this artist one day.’ Now I feel like I have the confidence to finally be that artist.”
Read the full story here.
The Billboard Summit is launching in Canada with a global superstar who made history in the country.
Diljit Dosanjh will be a special speaker at the event, which will launch at NXNE in Toronto’s TIFF Lightbox on June 11, 2025.
The record-setting artist made history with his Dil-Luminati tour last year, with his stadium concerts at Vancouver’s BC Place and Toronto’s Rogers Centre going down as the biggest ever Punjabi music events outside of India. The musician and movie star has continued to spread Punjabi culture worldwide, recently bringing historic fashion to the Met Gala.
At the summit, Dosanjh will sit down for a special interview with another influential figure in the international music industry: Panos A. Panay, president of the Recording Academy, the organization behind the Grammys.
Billboard Canada has also announced two big performers for The Stage at NXNE.
Daniel Caesar is returning to where he played his first major headlining show: The Mod Club in Toronto on June 14.
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The venue will be reverting back to its original name of The Mod Club, rebranded by owner Live Nation from the name Axis Club for the first time since 2021.
When he first played the venue, Caesar was a golden boy with a golden voice, gaining buzz with his EP Pilgrim’s Paradise and still a year away from his classic 2017 debut, Freudian.
In 2023, Caesar graduated to arenas, playing Madison Square Garden in New York and Scotiabank Arena in his hometown of Toronto. The Mod Club performance is a special, intimate show for his fans who have been with him from the beginning. A year after he played The Mod Club in 2017, Caesar also played NXNE — then an up-and-coming talent, and now, with the festival turning 30, an artist who has reached undeniable headliner status.
After the last girls have left the party for their special DJ set on June 12, The Beaches will also play a special concert at a well-known Toronto venue on June 15.
It’s a big summer for the breakout Canadian band, with a recent festival set at Coachella and another big one this summer at Osheaga in Montreal. The Beaches’ new album, No Hard Feelings, comes out Aug. 29 on AWAL.
The band has also just announced the Canadian dates on its No Hard Feelings Tour, including its first hometown arena show at Scotiabank Arena on Nov. 6. The Beaches’ special Billboard Canada Live show will be considerably more intimate, a chance to get up close and personal with the band at a surprise venue. – Richard Trapunski
Quebec to Impose Quotas for French-Language Content on Streaming Platforms
Quebec may soon be getting stricter language regulations on streaming services.
Quebec Culture Minister Mathieu Lacombe tabled a new bill on May 21 that aims to add more French-language content to major streaming platforms, as well as increase its discoverability and accessibility by establishing quotas. The bill will directly impact platforms that offer media content such as music, TV, video and audiobooks, including giants like Netflix and Spotify.
Lacombe wants to push French-language and Quebecian content to the forefront on these apps, saying it is not always readily available. He pointed out that consumption of local and French-language content is low, comprising just 8.5% of the music streamed in Quebec.
In accordance with the bill, platforms would have to display their default interfaces in French within the province, also including platforms that produce original French-language content within that selection. Companies that disobey the rules could face financial penalties, although Lacombe says that those who cannot comply due to their business model can enter a deal with the Quebec government to establish “substitute rules.”
The bill states that the Quebec government would have to establish content proportions or quotas on how much content needs to be produced or featured on these platforms, although no numbers were specified.
Bill 109 — officially titled “An Act to affirm the cultural sovereignty of Quebec and to enact the Act respecting the discoverability of French-language cultural content in the digital environment” — will be closely tied to existing Quebec legislation and institutions. All platforms will be required to register with the Minister of Culture and Communications, and the bill will amend the right to access French-language cultural content in the Quebec Charter of Human Rights and Freedoms.
While Quebec is tightening regulations, the streaming services are already pushing back against existing content policies, arguing that the Canadian Radio-television and Telecommunications Commission (CRTC) should not impose content obligations upon them. A CRTC hearing is currently underway from May 14 to 27 to outline a new definition of Canadian Content (CanCon), including regulations.
Major companies have been pushing back against the CRTC’s implementation of the Online Streaming Act in the hearing, which includes a plan to require major foreign streaming companies to invest in Canadian Content funds. – Stefano Rebuli
