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Globe/CP say Home Depot, others quit Pride sponsorship

2025-07-14 08:18 ET - In the News

See In the News (C-HD) Home Depot CDR (CAD Hedged)

The Globe and Mail reports in its Saturday, July 12, edition that Pride Toronto is facing a significant funding shortfall, prompting some prominent LGBTQ advocates to suggest a re-evaluation of the organization's corporate partnerships and a return to its political roots. A Canadian Press dispatch to The Globe reports that before last month's Pride parade, organizers raised concerns about a $900,000 deficit after major sponsors such as Alphabet's Google, Nissan, Home Depot and Clorox withdrew their support. Pride Toronto's executive director, Kojo Modeste, attributed these corporate withdrawals to backlash against diversity, equity and inclusion efforts in the United States. However, some of the companies stated that their decisions were based purely on budgetary constraints. Although this year's festivities went ahead as planned, Mx. Modeste warned that next year's Pride festival may have to be scaled back. Fatima Amarshi, a former executive director of Pride Toronto, says this is the right moment for a reset. Ms. Amarshi led the organization for three years starting in 2005, after Canada legalized same-sex marriage, laying the foundation for its current funding model.

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