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Aura Condo rising as seen from the corner of Yonge and Gould next to the site of the new Ryerson Student Learning Centre which is under construction also. Toronto construction has been almost none stop since the late 1990's and has picked up pace in the aught's and the 2010's. Toronto now leads the west in skyscraper construction. Because there is no way to confirm, but also Toronto must be the global skyscraper co construction leader. We have New York City beat 2 to 1. Aura will rise 78 floors and the building itself will contain 1.1 million square feet of interior space for both residential and retail uses.
Global Currency Markets (Factor: Neutral)
The currency markets are the world fluctuation on a moments notice and sometimes they over-react to small movements by governments when they adjust their cost on money. Right now, the cost of money in Toronto is very, very low, as the Bank of Canada is trying to continue to stimulate the Canadian Economy. This would lead you to believe that our Currency should be declining in this type of environment however another internal factor will play havoc with this point, and that is that Canada is a large exporter of energy, and a rising global economy, will increase the demand for our dollar, thus raising its price. However in the past the high Canadian petro-dollar has had little impact overall on the Toronto economy with the exception of the manufacturing industry which rely's on exports to the United States to the tune of 85%. Still Toronto is a diversified economy and currency fluctuations have rarely negatively impacted Toronto.