Canada’s cultural institutions are coming up against serious economic challenges. Theatre companies say they’re facing a crisis as they struggle to recover from pandemic closures. The Montreal-based ‘Just For Laughs’, one of the world’s biggest comedy festivals, has canceled their 2024 festival and filed for creditor protection. In May, Hot Docs, an international documentary festival, announced they would temporarily close their theatre due to financial constraints.

Globe business reporter Josh O’Kane has reported on a number of arts organizations cancelling shows, closing their doors, and announcing they’re on the brink of collapse. He joins the show to break down what factors lead up to this moment and what hope the arts industry can look towards.

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