Cinema Condos at NightToronto's entertainment district is taking off with growth of condo high rises and renewed Cultural Venues. There use to be a time when the Entertainment District was all clubs, kids loud music and honking cars.
This place is becoming very refined now and a big part of that is the condos such as Cinema Condos being developed by Daniels. Daniels is the same company that brought us the Toronto Film Festival Tower which sits right beside this development. It is home to the Toronto International Film Festival one of the worlds biggest film fests.
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.
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