As Demand Soars – CIBC Makes Largest-ever Donation to Alberta Food Banks
Mar 18, 2016 | 2:48 PM
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EDMONTON: Alberta Food Banks says it has received its largest-ever donation as the worst economic downturn in decades causes demand to soar.
The Canadian Imperial Bank of Commerce (TSX;CM) is contributing $250,000 to the charity as food banks across the province struggle to keep pace with the need.
The organization says food bank usage has spiked since late 2014, when oil prices began their steep descent, eventually leading to tens of thousands of job losses.
It says 10 per cent of Alberta food banks ran out of food at one point last year causing some to shrink the size of the hampers offered and others to even close temporarily.
