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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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TSX Hits Record High as Fed Chief Signals Rate Cuts

 

Canada’s main stock index surged to a new all-time high on Friday, driven by a broad-based rally. The catalyst? U.S. Federal Reserve Chair Jerome Powell’s endorsement of imminent interest rate cuts.

At 10:41 a.m. ET (14:41 GMT), the S&P/TSX Composite Index reached 22,574.65, surpassing its previous record. Energy and financial sectors led the gains, fueled by optimism that rate cuts could bolster the economy and stave off recession.

This marks a significant milestone for Canadian investors, with the TSX adding 1% for the week, its third consecutive week of gains.

Stay tuned for further updates as the market responds to Powell’s remarks!


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