Edited sentence: It consists of costumed dancers (called "Mas players") along with live Caribbean music being played from large speakers on the flat-bed of 18 wheeler trucks.The entire Caribana event, which is one of the first Caribbean Carnivals along with those in New York City, Notting Hill and Boston to be held outside of the Caribbean region, brings in over one million people to the shores of Toronto pumping an estimated $250 million into the local economy.The festival is highlighted by a massive street parade, which is held the first weekend in August.The genre played is mainly Soca, Calypso, and Steelpan, but you can also find floats which play Chutney and Reggae.The parade was originally modelled after Trinidad and Tobago's own Carnival and similarly it has activities and events, such as a King and Queen of the Bands Competition, and a two-day Caribbean art festival on Toronto's Olympic Island, along with many individual music and cultural events