The Parachute Club was a Canadian band formed in Toronto in 1982. They released three top 40 hits in Canada between 1983 and 1987, including "Rise Up", "At the Feet of the Moon", and "Love Is Fire" (which featured guest duet vocals from John Oates). The band was known for being one of the first mainstream pop acts in Canada to integrate world music influences, particularly Caribbean styles such as reggae and soca, into their sound.

"The Chutes", as they were known, broke up after touring to promote their third and final album, and played their final gig in the summer of 1988. A reconstituted version of the Parachute Club (including four of the earlier band members) played a number of live shows between 2005 and 2008. The band reunited again in 2011 and remained intermittently active through 2014.

The original Parachute Club band consisted of Lorraine Segato on vocals and guitar, Lauri Conger on keyboards and vocals, Billy Bryans on drums, Margo Davidson on saxophone and vocals, Julie Masi on percussion and vocals, Steve Webster on bass, and Dave Gray on guitar. Davidson at the time was one of very few female saxophonists playing professionally; Segato, Conger, and Bryans had previously been associated for several years as the nucleus of Mama Quilla II, a band that gained respect in Toronto in the late 1970s and early 1980s for their integrated musical and sexual politics—elements that would continue with The Parachute Club. Billy Bryans had also been a well-known percussionist and producer in Toronto since the early 1970s, primarily associated with the Downchild Blues Band during this period.

Segato and Bryans first met in 1979, and started to collaborate musically. By 1982, they were both members of the Toronto band V, which was formed while Mama Quilla II was then on hiatus. In the late summer of 1982, Bryans was offered a chance to play at Toronto's inaugural Festival of Festivals, which later evolved into the Toronto International Film Festival. With other members of V unavailable, Bryans approached Segato to form a new one-off band to play at the festival. They added Lauri Conger from Mama Quilla II, as well as local musicians Margo Davidson, Dave Gray and Steve Webster. The band was well received at the festival, and shortly thereafter received and accepted an offer for both a management and recording contract with Current Records. Adding Jule Masi to the ranks, The Parachute Club was thereby formed, while Mama Quilla II made their 'hiatus' permanent and disbanded.

The Parachute Club's eponymous first album, released in 1983, was produced by Daniel Lanois, who had previously been the recording engineer of Mama Quilla II's sole release, an EP released in 1982. The group had to write material for the album rather quickly, and consequently recruited poet/artist Lynne Fernie to assist with some of the lyrics. Though Fernie would never be an official member of The Parachute Club, she would contribute lyrics to all their albums, and function as an unofficial honorary member of the group.

The song "Rise Up", from Parachute Club's first album, won a Canadian Juno Award in 1984 for Single of the Year, while the group won a Juno award for Most Promising Group of The Year.

During 1983, Steve Webster, a co-writer of Parachute Club's best known song, "Rise Up" left the band, to perform with Billy Idol. On their 1983/1984 touring dates, bassist Russ Boswell stepped in for Webster; he would then leave the band to join Corey Hart's backing band. Keir Brownstone, formerly with Bob Segarini, became the band's new permanent bassist in mid-1984.

The band's second album At the Feet of the Moon was released in October 1984, and the title track became the group's second Canadian Top 40 hit. This album (and single) was produced by Michael Beinhorn.