Edmonton is the capital city of the Canadian Province Alberta. It is the second largest city in the province and attributes its economic rebirth in the 1990s to the oil industry and since has broadened its economic base with an explosion of high tech industries. The downtown area continues to undergo a renaissance.
Edmonton plays host to several large festivals each year, hence its local nickname, "The Festival City." The Works Art & Design Festival, which takes place from late June to early July showcases Canadian and international art and design from well-known award-winning artists as well as emerging and student artists. The Edmonton International Street Performer's Festival takes place in mid-July and showcases street performance artists.
Edmonton's main summer festival is Capital EX (formerly Klondike Days). Klondike Days (or K-Days) was originally an annual fair and exhibition that eventually adopted a gold rush theme. In early 2006 the festival was renamed "The Capital City Exhibition" ("Capital EX"). Activities include chuck wagon races, carnival rides, fairways, music, trade shows and daily fireworks.
The Edmonton International Fringe Festival, which takes place in mid-August, is the largest fringe theatre festival in North America. In August, Edmonton is also host to the Edmonton Folk Music Festival. Other festivals exist, such as the Free Will Shakespeare Festival, the Dragon Boat Festival, the Whyte Avenue Art Walk and the Edmonton International Film Festival. Later in the year, in November, Edmonton plays host to the Canadian Finals Rodeo and Farmfair. This is a significant event in Canada's rodeo circuit.