If you were looking for something to do this Canada Day, you can cross Vancouver鈥檚 annual parade off your list.

According to Canada Place, who have run the parade since 2009, escalating costs have made it impossible for them to continue.

鈥淎fter careful consideration, we have made the difficult decision to no longer host the Canada Day parade,鈥� a statement on the website read.

鈥淎s overall costs continue to increase for such a large event, we are focusing our resources on the core elements of Canada Day at Canada Place to ensure we can continue to produce the best possible event for all attendees.鈥�

Other parts of the July 1 festivities, including a main stage headliner performance by JoJo Mason, the Canadian Forces Zone, a citizenship ceremony and the fireworks show are still going ahead as planned.

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