Theatre Park Tower - Construction Update

Theatre Park Tower - Construction Update

Toronto Skyscraper Listing

Oh boy, getting late. Live Blog continues with the Theatre Condo Tower by Brad Lamb. This tower is rising in the trendy King West Neighborhood where it will stand shoulder with the Royal Alexandria Theatre until the Mirvish proposal moves forward.

The tower will rise 47 floors in point tower format and be 158 meters tall. It sits across from Metro Hall, Roy Thomson Hall and the Ritz and Shangri la Hotel Towers.

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.