Toronto financial district keeps ticking despite power outage

subscribe

An electrical equipment failure knocked out power recently in a handful of skyscrapers in Canada's financial center, leaving as many as 100,000 without electricity.

The downtown Toronto buildings affected included the tower that houses the offices of the Toronto Stock Exchange as well as First Canadian Place and the RBC Center, a Toronto Hydro spokesperson said.

Carolyn Quick, a spokeswoman for TMX Group Inc., which operates the Toronto Stock Exchange and the junior Venture market, said trading was uninterrupted.

"The Toronto Stock Exchange and TSX Venture Exchange continued to operate during the power outage as they are on separate power systems, as well as there is fully redundant system in place."

Related News

oil workers

Oil crash only a foretaste of what awaits energy industry

LONDON - The oil-price crash of March 2020 will probably not last long. As in 2014, when the oil price dropped below $50 from $110 in a few weeks, this one will trigger a temporary collapse of the US shale industry. Unless the coronavirus outbreak causes Armageddon, cheap oil will also support policymakers’ efforts to help the global economy.

But there will be at least one important and lasting difference this time round — and it has major market and geopolitical implications.

The oil price crash is a foretaste of where the whole energy sector was going anyway — and that is…

READ MORE
tokyo electricity

Analysis: Out in the cold: how Japan's electricity grid came close to blackouts

READ MORE

pge camp fire

PG&E pleads guilty to 85 counts in 2018 Camp Fire

READ MORE

Three Gorges Dam

EDP Plans to Reject $10.9 Billion-China Three Gorges Bid

READ MORE

'Unbelievably dangerous': NB Power sounds alarm on copper theft after vandalism, deaths

READ MORE