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Coronavirus outbreak: Cost of the pandemic on Toronto could reach $1.5 billion dollars in best-case scenario
Videos
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Coronavirus outbreak: Cost of the pandemic on Toronto could reach $1.5 billion dollars in best-case scenario
02:29 | April 17, 2020
-
LCBO scraps plan for limited re-opening of 32 stores as strike persists
00:42 | July 15, 2024
-
LCBO stores closed as Ontario-wide strike begins
00:51 | July 5, 2024
-
Royal LePage 2024 Canadian Renters Report
05:33 | June 25, 2024
-
Conservatives slam Trudeau, Liberals for PBO ‘gag order’ on carbon pricing analysis
02:52 | June 4, 2024
-
Fears of trade war escalating as Honda unveils home of new EV supply chain plant
01:56 | May 14, 2024
-
$1.6B lithium-ion battery plant to be built in Ontario
00:36 | May 14, 2024
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Q1 2024 Home Price Update & Market Forecast for Kingston
04:47 | April 23, 2024
-
Doug Ford blasts ‘disgusting’ overnight gas price hike in Ontario
02:28 | April 18, 2024
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Federal government tells Ontario to follow rules or risk losing housing funds
02:11 | April 12, 2024
-
Doug Ford on carbon pricing: ‘Worst place you could put money is into the government’s pockets’
01:39 | March 11, 2024
-
Real Estate Stats of the Greater Kingston Area for the Month of February
05:27 | March 5, 2024
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‘Attainable housing’ will be cheaper than ‘regular priced homes’: Ford
01:41 | February 22, 2024
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Doug Ford lashes out over Guilbeault’s controversial road funding remarks: ‘He’s out to lunch’
01:36 | February 22, 2024
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January’s Real Estate Stats For the Greater Kingston Area
02:42 | February 13, 2024
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What is Net Worth and How Can You Improve Yours?
03:04 | February 9, 2024
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Strong demand kept Ontario’s rental supply tight, eroding affordability: report
01:13 | February 2, 2024
-
Freeland announces $162M funding for Toronto’s asylum seekers, low-income renters
02:55 | February 2, 2024
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Getting Ready for RRSP Season
03:13 | January 26, 2024
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Royal Lepage’s 2023 Q4 Home Price Update
03:26 | January 16, 2024
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Financial Fitness for 2024
02:56 | January 12, 2024
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Kingston’s Regional Real Estate Statistics for December
03:24 | January 9, 2024
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Honda considering $18.4-billion EV plant in Canada
01:47 | January 8, 2024
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A New Way To Shop Online Which Will Benefit the Local Economy
02:50 | January 8, 2024
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Kingston Real Estate Market Year in Review
02:51 | January 2, 2024
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B.C. has no plan to match Ontario’s new liquor sale rules
02:12 | December 14, 2023
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Selling Your Home in the Winter
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Feds address foreign worker controversy in Stellantis contract, promise 2,500 jobs for Ontarians
01:49 | November 20, 2023
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Will new salary transparency laws help address pay gaps, systemic issues?
01:50 | November 10, 2023
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Alberta ready to host finance minister meeting on CPP
01:56 | October 25, 2023
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Housing crisis: ‘Money on table’ for Canadian cities willing to cooperate with feds’ requirements says Fraser
00:42 | October 20, 2023
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Around 24k new homes to be built in Brampton as part of accelerator program: Trudeau
02:10 | October 20, 2023
-
Coronavirus outbreak: Cost of the pandemic on Toronto could reach $1.5 billion dollars in best-case scenario
02:29 | April 17, 2020
-
LCBO scraps plan for limited re-opening of 32 stores as strike persists
00:42 | July 15, 2024
-
LCBO stores closed as Ontario-wide strike begins
00:51 | July 5, 2024
-
Royal LePage 2024 Canadian Renters Report
05:33 | June 25, 2024
-
Conservatives slam Trudeau, Liberals for PBO ‘gag order’ on carbon pricing analysis
02:52 | June 4, 2024
-
Fears of trade war escalating as Honda unveils home of new EV supply chain plant
01:56 | May 14, 2024
-
$1.6B lithium-ion battery plant to be built in Ontario
00:36 | May 14, 2024
-
Q1 2024 Home Price Update & Market Forecast for Kingston
04:47 | April 23, 2024
-
Doug Ford blasts ‘disgusting’ overnight gas price hike in Ontario
02:28 | April 18, 2024
-
Federal government tells Ontario to follow rules or risk losing housing funds
02:11 | April 12, 2024
-
Doug Ford on carbon pricing: ‘Worst place you could put money is into the government’s pockets’
01:39 | March 11, 2024
-
Real Estate Stats of the Greater Kingston Area for the Month of February
05:27 | March 5, 2024
-
‘Attainable housing’ will be cheaper than ‘regular priced homes’: Ford
01:41 | February 22, 2024
-
Doug Ford lashes out over Guilbeault’s controversial road funding remarks: ‘He’s out to lunch’
01:36 | February 22, 2024
-
January’s Real Estate Stats For the Greater Kingston Area
02:42 | February 13, 2024
-
What is Net Worth and How Can You Improve Yours?
03:04 | February 9, 2024
-
Strong demand kept Ontario’s rental supply tight, eroding affordability: report
01:13 | February 2, 2024
-
Freeland announces $162M funding for Toronto’s asylum seekers, low-income renters
02:55 | February 2, 2024
-
Getting Ready for RRSP Season
03:13 | January 26, 2024
-
Royal Lepage’s 2023 Q4 Home Price Update
03:26 | January 16, 2024
-
Financial Fitness for 2024
02:56 | January 12, 2024
-
Kingston’s Regional Real Estate Statistics for December
03:24 | January 9, 2024
-
Honda considering $18.4-billion EV plant in Canada
01:47 | January 8, 2024
-
A New Way To Shop Online Which Will Benefit the Local Economy
02:50 | January 8, 2024
-
Kingston Real Estate Market Year in Review
02:51 | January 2, 2024
-
B.C. has no plan to match Ontario’s new liquor sale rules
02:12 | December 14, 2023
-
Selling Your Home in the Winter
| December 12, 2023
-
Feds address foreign worker controversy in Stellantis contract, promise 2,500 jobs for Ontarians
01:49 | November 20, 2023
-
Will new salary transparency laws help address pay gaps, systemic issues?
01:50 | November 10, 2023
-
Alberta ready to host finance minister meeting on CPP
01:56 | October 25, 2023
-
Housing crisis: ‘Money on table’ for Canadian cities willing to cooperate with feds’ requirements says Fraser
00:42 | October 20, 2023
-
Around 24k new homes to be built in Brampton as part of accelerator program: Trudeau
02:10 | October 20, 2023
Coronavirus outbreak: Cost of the pandemic on Toronto could reach $1.5 billion dollars in best-case scenario
Description
April 17, 2020
Mayor of Toronto John Tory said on Friday that the city has seen “a dramatic revenue drop” with the TTC during the COVID-19 pandemic, incurring tens of millions of dollars in additional costs to respond to the crisis.
He said that city finance staff have determined that the COVID-19 pandemic is costing the city $65 million dollars a week, mostly from a revenue drop from the TTC which contributes 20 million dollars to the city per week.
He added that the city’s finance staff have also determined that a three-month lock-down and a six-month recovery period could end up costing the city $1.5 billion dollars in the best-case scenario.
-
Coronavirus outbreak: Cost of the pandemic on Toronto could reach $1.5 billion dollars in best-case scenario02:29 | April 17, 2020
-
LCBO scraps plan for limited re-opening of 32 stores as strike persists00:42 | July 15, 2024
-
LCBO stores closed as Ontario-wide strike begins00:51 | July 5, 2024
-
Royal LePage 2024 Canadian Renters Report05:33 | June 25, 2024
-
Conservatives slam Trudeau, Liberals for PBO ‘gag order’ on carbon pricing analysis02:52 | June 4, 2024
-
Fears of trade war escalating as Honda unveils home of new EV supply chain plant01:56 | May 14, 2024
-
$1.6B lithium-ion battery plant to be built in Ontario00:36 | May 14, 2024
-
Q1 2024 Home Price Update & Market Forecast for Kingston04:47 | April 23, 2024
-
Doug Ford blasts ‘disgusting’ overnight gas price hike in Ontario02:28 | April 18, 2024
-
Federal government tells Ontario to follow rules or risk losing housing funds02:11 | April 12, 2024
-
Doug Ford on carbon pricing: ‘Worst place you could put money is into the government’s pockets’01:39 | March 11, 2024
-
Real Estate Stats of the Greater Kingston Area for the Month of February05:27 | March 5, 2024
-
‘Attainable housing’ will be cheaper than ‘regular priced homes’: Ford01:41 | February 22, 2024
-
Doug Ford lashes out over Guilbeault’s controversial road funding remarks: ‘He’s out to lunch’01:36 | February 22, 2024
-
January’s Real Estate Stats For the Greater Kingston Area02:42 | February 13, 2024
-
What is Net Worth and How Can You Improve Yours?03:04 | February 9, 2024
-
Strong demand kept Ontario’s rental supply tight, eroding affordability: report01:13 | February 2, 2024
-
Freeland announces $162M funding for Toronto’s asylum seekers, low-income renters02:55 | February 2, 2024
-
Getting Ready for RRSP Season03:13 | January 26, 2024
-
Royal Lepage’s 2023 Q4 Home Price Update03:26 | January 16, 2024
-
Financial Fitness for 202402:56 | January 12, 2024
-
Kingston’s Regional Real Estate Statistics for December03:24 | January 9, 2024
-
Honda considering $18.4-billion EV plant in Canada01:47 | January 8, 2024
-
A New Way To Shop Online Which Will Benefit the Local Economy02:50 | January 8, 2024
-
Kingston Real Estate Market Year in Review02:51 | January 2, 2024
-
B.C. has no plan to match Ontario’s new liquor sale rules02:12 | December 14, 2023
-
Selling Your Home in the Winter
-
Feds address foreign worker controversy in Stellantis contract, promise 2,500 jobs for Ontarians01:49 | November 20, 2023
-
Will new salary transparency laws help address pay gaps, systemic issues?01:50 | November 10, 2023
-
Alberta ready to host finance minister meeting on CPP01:56 | October 25, 2023
-
Housing crisis: ‘Money on table’ for Canadian cities willing to cooperate with feds’ requirements says Fraser00:42 | October 20, 2023
-
Around 24k new homes to be built in Brampton as part of accelerator program: Trudeau02:10 | October 20, 2023
-
Coronavirus outbreak: Cost of the pandemic on Toronto could reach $1.5 billion dollars in best-case scenario02:29 | April 17, 2020
-
LCBO scraps plan for limited re-opening of 32 stores as strike persists00:42 | July 15, 2024
-
LCBO stores closed as Ontario-wide strike begins00:51 | July 5, 2024
-
Royal LePage 2024 Canadian Renters Report05:33 | June 25, 2024
-
Conservatives slam Trudeau, Liberals for PBO ‘gag order’ on carbon pricing analysis02:52 | June 4, 2024
-
Fears of trade war escalating as Honda unveils home of new EV supply chain plant01:56 | May 14, 2024
-
$1.6B lithium-ion battery plant to be built in Ontario00:36 | May 14, 2024
-
Q1 2024 Home Price Update & Market Forecast for Kingston04:47 | April 23, 2024
-
Doug Ford blasts ‘disgusting’ overnight gas price hike in Ontario02:28 | April 18, 2024
-
Federal government tells Ontario to follow rules or risk losing housing funds02:11 | April 12, 2024
-
Doug Ford on carbon pricing: ‘Worst place you could put money is into the government’s pockets’01:39 | March 11, 2024
-
Real Estate Stats of the Greater Kingston Area for the Month of February05:27 | March 5, 2024
-
‘Attainable housing’ will be cheaper than ‘regular priced homes’: Ford01:41 | February 22, 2024
-
Doug Ford lashes out over Guilbeault’s controversial road funding remarks: ‘He’s out to lunch’01:36 | February 22, 2024
-
January’s Real Estate Stats For the Greater Kingston Area02:42 | February 13, 2024
-
What is Net Worth and How Can You Improve Yours?03:04 | February 9, 2024
-
Strong demand kept Ontario’s rental supply tight, eroding affordability: report01:13 | February 2, 2024
-
Freeland announces $162M funding for Toronto’s asylum seekers, low-income renters02:55 | February 2, 2024
-
Getting Ready for RRSP Season03:13 | January 26, 2024
-
Royal Lepage’s 2023 Q4 Home Price Update03:26 | January 16, 2024
-
Financial Fitness for 202402:56 | January 12, 2024
-
Kingston’s Regional Real Estate Statistics for December03:24 | January 9, 2024
-
Honda considering $18.4-billion EV plant in Canada01:47 | January 8, 2024
-
A New Way To Shop Online Which Will Benefit the Local Economy02:50 | January 8, 2024
-
Kingston Real Estate Market Year in Review02:51 | January 2, 2024
-
B.C. has no plan to match Ontario’s new liquor sale rules02:12 | December 14, 2023
-
Selling Your Home in the Winter| December 12, 2023
-
Feds address foreign worker controversy in Stellantis contract, promise 2,500 jobs for Ontarians01:49 | November 20, 2023
-
Will new salary transparency laws help address pay gaps, systemic issues?01:50 | November 10, 2023
-
Alberta ready to host finance minister meeting on CPP01:56 | October 25, 2023
-
Housing crisis: ‘Money on table’ for Canadian cities willing to cooperate with feds’ requirements says Fraser00:42 | October 20, 2023
-
Around 24k new homes to be built in Brampton as part of accelerator program: Trudeau02:10 | October 20, 2023
Coronavirus outbreak: Cost of the pandemic on Toronto could reach $1.5 billion dollars in best-case scenario
Description
April 17, 2020
Mayor of Toronto John Tory said on Friday that the city has seen “a dramatic revenue drop” with the TTC during the COVID-19 pandemic, incurring tens of millions of dollars in additional costs to respond to the crisis.
He said that city finance staff have determined that the COVID-19 pandemic is costing the city $65 million dollars a week, mostly from a revenue drop from the TTC which contributes 20 million dollars to the city per week.
He added that the city’s finance staff have also determined that a three-month lock-down and a six-month recovery period could end up costing the city $1.5 billion dollars in the best-case scenario.
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