Back on the street today with the live blog, tune in all day for construction updates of all your favorite Toronto Projects.
One Bloor East is being developed by Great Gulf Homes and is located at the corner of Yonge and Bloor it will rise 75 floors and reach 260 meters. The building podium floors with mixed retail and residential uses. Bloor street in this area is one of the worlds most expensive shopping streets.
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.