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The Subway That Took a Generation: Why the Eglinton Crosstown’s Delays Were Even Worse Than You Think

  Toronto has a long history of transit projects that drag on, but the Eglinton Crosstown LRT has become the city’s defining example of how complicated, political, and painfully slow building transit can be. Most people think of the project as something that started in the early 2010s and simply ran over schedule. The truth is far messier—and stretches back decades. A Project With Roots in the 1990s Long before shovels hit the ground in 2011, the idea of rapid transit along Eglinton was already alive. In the mid‑1990s, the TTC began digging tunnels for what was then called the Eglinton West Subway . Construction actually started—tunnels were being carved out under the street—until the project was abruptly cancelled in 1995. The partially built tunnels were filled in, and the corridor sat untouched for years. That early false start meant that by the time the Crosstown was revived as part of the Transit City plan in 2007, planners weren’t starting fresh. They were restarting a dr...
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Stocks Open on a Positive Note as Earnings Season Kicks Off

 

The stock market opened on a positive note today, with stocks edging up as the earnings season kicks off. The Dow Jones Industrial Average rose by 0.2%, or about 75 points, while the benchmark S&P 500 gained 0.4% and the tech-heavy Nasdaq Composite advanced about 0.3%. 

The earnings season is seen as a crucial chance for stocks to shake off the losses built in the year so far. JPMorgan Chase, Bank of America, and Wells Fargo all posted decent results on Friday, but the latter two saw shares fall as they failed to settle nerves about potential pain ahead.

Oil prices jumped more than 2% after the US and its allies launched airstrikes against Houthi rebels in Yemen, drawing threats of reprisals from the Iran-backed group behind Red Sea attacks on shipping. Meanwhile, investors are looking for more insight into price pressures after the consumer CPI reading came in hotter than expected on Thursday. 

On Friday, the producer price index showed an unexpected fall in prices last month, boosting hopes that inflation will continue to cool in the months ahead.



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