5 Things To Know Today
Gardiner Expressway closed this weekend. Household electricity rates going up today. Peter Wallace to become next city manager. Toronto ranked world’s hottest real estate market. 7.1-magnitude earthquake shakes Papua New Guinea.
GARDINER EXPRESSWAY CLOSED THIS WEEKEND
Get ready for another major road closure this weekend. The city will be closing the Gardiner Expressway tonight at 8pm in both directions from the 427 to Carlaw Ave. for spring maintenance. Crews will be repainting lines, clearing catch basins, filling potholes and inspecting overhead signs, lights and bridges. Drivers are being asked to use alternates like Lakeshore or the Queensway and suggest anyone heading downtown use the TTC. The Gardiner is scheduled to reopen to traffic by 6 am on Sunday. There will also be a number of closures on Sunday for the Toronto marathon which begins at 7:30 a.m.
HOUSEHOLD ELECTRICITY RATES GOING UP TODAY
Household electricity rates in the Province are up today by an average of $5.71 a month. A change in the price for peak periods, weekdays from 11 a.m. to 5 p.m, to 16.1 cents per kilowatt hour will mean that Ontarians will pay more than twice as much for electricity during peak demand periods than off-peak times. The price for off peak hours, weekdays from 7 p.m. to 7 a.m., and all day on weekends and holidays stands at 8 cents. The mid-peak rate of 12.2 cents a kilowatt hour will apply weekdays from 7-to-11 a.m. and from 5-to-7 p.m. The Ontario Energy Board estimates the change will add $5.71 to the average household electricity bill however. The opposition parties say Ontario’s already high electricity rates will “go through the roof” if the Liberals proceed with their plan to sell 60 per cent of Hydro One.
PETER WALLACE TO BE NEXT CITY MANAGER
It appears the city has chosen the replacement for outgoing city manager Joe Pennachetti. Peter Wallace is a veteran Queen’s Park public servant and retired as cabinet secretary and head of Ontario’s public service last year. Wallace is is expected to tapped for the job by Mayor John Tory but his appointment must first be confirmed by a vote at council next week. Tory said on Thursday that someone had been selected for the job, but he refused to say who.
TORONTO RANKED WORLD’S HOTTEST REAL ESTATE MARKET
An international survey finds that last year, Toronto was the hottest city in the world for sales of high-end properties, with a whopping 37% spike in purchases. Much of the jump is due to the move in by international buyers taking advantage of the slumping Canadian dollar and Toronto is still a relative bargain with the average price of high-end homes at $3M.
7.1 MAGNITUDE EARTHQUAKE SHAKES PAPA NEW GUINEA
A massive 7.1 magnitude earthquake has hit off the coast of Papua New Guinea this morning. No word yet of damage or casualties and the Pacific tsunami warning center is warning of hazardous waves within 300km of the epicenter. It also said the epicenter was 61km deep. are possible.