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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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Wall Street Gains on Anticipation of Inflation Report and Fed Chair’s Event

 

Ahead of crucial inflation data and a public event by Federal Reserve Chair Jerome Powell, Wall Street saw a rise in premarket trading on Wednesday. Investors are keenly awaiting Friday’s inflation report, which the Fed will closely monitor for its next rate policy decision. Powell’s subsequent webcast discussion at the Federal Reserve Bank of San Francisco is expected to provide insights into potential rate cuts, with speculation of a reduction as early as May.

The U.S. economy has shown resilience despite higher interest rates aimed at controlling inflation, with the S&P 500 on track for its fifth consecutive winning month after a 9% surge this year. However, recent reports suggest a bumpier path in reducing inflation, with some costs exceeding expectations.

Amidst this economic backdrop, Trump Media & Technology Group’s shares soared after its IPO, despite financial losses and limited user growth. Meanwhile, global shares, particularly in Japan, were influenced by the yen’s decline to a 34-year low, prompting discussions among Japan’s monetary authorities.

Investors remain cautious as they consider whether the market has become overvalued after its recent rally, and analysts emphasize the need for broader profit growth to sustain current stock prices.

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