TORONTO – Toronto’s transit riders will be looking at a five-cent fare hike in the new year.
The city’s transit commission voted for the fare increase Wednesday, meaning the price of a token will rise to $2.65 from $2.60.
Student and senior tickets will increase to $1.80 each, up from $1.75.
Adult monthly passes will also cost more, increasing to $128.50 from $126.00, while weekly passes will cost a dollar more, going up to $38.50 from $37.50.
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Cash fares will be unchanged at $3 for adults and $2 for students and seniors, and child tickets will remain 75 cents.
The Toronto Transit Commission expects the fare increase to generate $18 million annually, which would close the majority of the $28-million gap in its 2013 operating budget.
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