Squamish Cancels 2016 Edition of Festival

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British Columbia is home to some of Canada's most exciting music festivals. From Pemberton, to Victoria's Rifflandia, to Vancouver's FVDED in The Park, the province is never short of concerts, to say the least. Unfortunately, it seems as if one of BC's fests has taken a turn for the worst. Earlier today, Squamish Valley Music Festival issued a statement on their site announcing the cancellation of this year's event:

We have made the extremely difficult decision to not proceed with the 2016 festival, due to take place in August. This decision was not made lightly and we sincerely apologize to all the people this decision affects: the fans, artists, industry partners, corporate partners, suppliers and all of our supporters within the community of Squamish.

Additionally, the festival deleted their accounts on all social media outlets. While an official reason for this year's festival plans dissolving, we can't help but imagine that Canada's declining dollar would have something to do with it. The poor state of the loonie has been openly noted as an issue by organizers of many festivals, including Ottawa's Jazz Festival and Montebello's Rockfest, while the hit is also seen on festivals like Toronto's Field Trip and Montreal's Osheaga, both sporting many more Canadian acts than usual.

Last year, Squamish drew in over 120,000 attendees over the course of 3 days and featured performances from artists such as Drake, Sam Smith and Alabama Shakes, among others.

https://www.youtube.com/watch?v=IKYMZv6PAMA