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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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Inflation Climb Reinforces Fed’s Cautious Stance as Powell Returns to Capitol

 

Federal Reserve Chair Jerome Powell is back on Capitol Hill amid new data showing that inflation in the United States jumped to a 3% annual rate in January—slightly higher than December’s 2.9%. The uptick, driven by rising costs in housing, food, and energy, is prompting concerns that the progress on curbing inflation may be stalling.

In his second day of testimony before Congress, Powell reiterated that the Fed is in no rush to lower interest rates. He emphasized that while the overall economy remains robust, the unexpected surge in consumer prices underscores the need for a “wait-and-see” approach. Lawmakers grilled him on various issues ranging from tariff policies to the safety of bank deposits, but Powell maintained that the current monetary policy framework is appropriate given the mixed economic signals.

Market observers noted that the higher-than-expected inflation data might further delay any future rate cuts, as the Fed continues to weigh the risks of reducing policy restraint too quickly. With Powell’s testimony ongoing, all eyes remain on Capitol Hill as policymakers and investors seek clarity on the future direction of U.S. monetary policy.


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