5 Things To Know Today
Senators hand the reeling Maple Leafs their sixth straight loss before the All-Star break. Final days of the legendary Guvernment nightclub are upon us. Interest Rate Cut: Bank of Canada moves to limit impact of sagging oil prices. Workers across Canada are getting poorer. Bidder picked for phase 2 of Highway 407 construction.
SENATORS HAND REELING MAPLE LEAFS 6TH STRAIGHT LOSS
The losses are really staring to add up for the Maple Leafs. A 4-3 defeat in Ottawa is Toronto’s 6th loss in a row and 14th in the past 17 games. On the upside, the 3-goals the Leafs scored in last night’s contest is more than they have got in the previous 5-games combined. Mercifully, it’s the All-Star break and the Leafs don’t have to play again until next Wednesday.
Another loss for the Raptors, their 8th in 11 games, as they fell in Memphis 92-86. Kyle Lowry led Toronto scores with 20-points.
Header Photo: Matthew Usherwood/Ottawa Sun
FINAL DAYS OF THE GUVERNMENT NIGHTCLUB
We’re heading into the final days for one of Toronto’s premeire nightclubs and concert venues. The Guvernment will close its doors for good after a series of blowout bvashes this weekend, including Sunday’s finale with Deadmau5. Side-by-side with the Kool Haus, right across the street from our studios here at Corus Quay, the building that house both venues and used to be known as RPM and the Warehouse, will be torn down to make way for condos.
INTEREST RATE CUT: BANK OF CANADA MOVES TO LIMIT IMPACTS OF SLIDING OIL PRICES
We’ll keep a close eye on the Lonnie again today after yet another plunge of more than 1.5 cents yesterday. The bank of Canada’s move to cut 1/4 point off its key interest rate forced the dollar down to almost 81-cents even. That’s not good for anyone planning a trip down south for March break. However, Canadian borrowers can expect big banks to lower their lending rates in response to the Bank of Canada’s move. A 5-year mortgage right now is roughly 4.79%.
WORKERS ACROSS CANADA ARE BECOMING POORER
People in Toronto who feel the size of their pay packets isn’t keeping up with the rise in prices are right. New info from Stat-Can shows that workers across most of the province are becoming poorer. Ontario’s median income has decreased by 1.7% between 2006 and 2012 but in Toronto it plunged much further, down 2.8% to roughly $32,500. In contrast, the median income rose for most of the rest of the country.
BIDDER PICKED FOR PHASE 2 OF HIGHWAY 407 CONSTRUCTION
The Ministry of Transportation has confirmed Blackbird Infrastructure Group has been selected for phase 2 of the Highway 407 East construction. Phase 1 of the extension is currently underway and will extend the 407 by 20 kilometres between Brock Road in Pickering to Harmony Road. Phase 2 will extend the 407 from Harmony Road to Highway 35/115 and will also connect the 407 and the 401 in a 10 kilometre north south freeway. The details of the deal, like the cost, will be announced this winter