Smooth Sailing (And A Surplus) At Canadian Opera

The Toronto-based Canadian Opera Company rode a $600,000 boost in ticket sales and a $1.5 million increase in fundraising to a balanced budget for fiscal 2006. “The COC eked out a $20,000 surplus on the year, without receiving a penny from its foundation, which added $1-million to its treasury. Nor did the company take any ‘transition funds’ from its continuing capital campaign, which saved it from recording a loss in 2004.”