Toronto News
News
Toronto is preparing for a major baseball showdown as the Blue Jays take on the Arizona Diamondbacks at Rogers Centre. Meanwhile, Ontario Premier Doug Ford and Toronto Mayor Olivia Chow held a joint press conference to announce new infrastructure projects aimed at improving transit and housing.
Business News
The Toronto Transit Commission (TTC) has officially taken control of the long-delayed Eglinton Crosstown LRT, with a possible fall opening date. Metrolinx CEO Michael Lindsay confirmed that the TTC is now overseeing operations, marking a significant milestone for the troubled transit project.
Economic News
The Bank of Canada considered an interest rate cut earlier this month but ultimately decided to hold rates steady at 2.75%, citing trade uncertainty with the United States. The ongoing tariff dispute between Canada and the U.S. remains a major concern for policymakers.
Political News
Ontario has broken ground on a new transit hub in Toronto, which is expected to become the second busiest in the city after Union Station. Premier Doug Ford and Mayor Olivia Chow emphasized the importance of the project in addressing Toronto’s growing transit needs.
Election News
Toronto’s Danforth riding remains Liberal, as incumbent Julie Dabrusin won re-election, defeating Conservative candidate Ashik Hussain and NDP candidate Clare Hacksel. The results reinforce the Liberals’ stronghold in the city.
Employment News
Toronto’s unemployment rate has surged to 8.8%, making it one of the highest among Canadian cities. The rising joblessness rate is attributed to economic uncertainty and ongoing cost-of-living challenges. Meanwhile, Toronto Pearson Airport is investing $1.57 million in workforce development programs to expand the construction skilled trades pipeline.
Business News
Toronto’s S&P/TSX Composite Index rose 0.2%, driven by gains in health tech and transportation stocks. Keyera shares surged 4.9% following a major acquisition deal, while Aurora Cannabis saw a sharp decline due to regulatory challenges in Poland.
Forecast
Toronto’s Forecast for the week ahead includes heavy rain on June 28, followed by mostly cloudy conditions on June 29. Temperatures will range from 75°F to 92°F, with sunny skies expected by June 22.
Entertainment News
Toronto is buzzing with events, including the TD Toronto Jazz Festival, featuring performances by Mavis Staples and Broken Social Scene. The Luminato Festival is also underway, transforming the city with immersive art experiences.
Upcoming Events
Here are 10 exciting events happening in Toronto:
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Toronto Blue Jays vs. Arizona Diamondbacks – June 27 at Rogers Centre.
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TD Toronto Jazz Festival – June 20–29, featuring Mavis Staples and Wynton Marsalis.
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Luminato Festival – June 4–22, showcasing immersive art experiences.
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Beetlejuice - The Musical – June 27 at Ed Mirvish Theatre.
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The Lion King – June 27 at Princess of Wales Theatre.
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Toronto Symphony Orchestra: Disco! Bee Gees & Beyond – June 27 at Roy Thomson Hall.
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Simple Minds Concert – June 28 at Budweiser Stage.
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Toronto Pride Parade – June 29, celebrating LGBTQ+ communities.
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Toronto Boat Party - Canada Day Edition – June 28 at Jubilee.
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Harris Jayaraj Concert – June 28 at Scotiabank Arena.
Let me know if you need more details on any of these topics!
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