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

canada-ambitious-electric-vehicle-goals

Canada's Ambitious Electric Vehicle Goals

OTTAWA - Canada has set its sights on a bold and transformative goal: to ban the sale of new gasoline-powered passenger cars and light-duty trucks by the year 2035. This ambitious target, announced by the federal government, underscores Canada's commitment to combating climate change and accelerating the adoption of electric vehicles (EVs) nationwide.

The Federal Initiative

Under the leadership of Prime Minister Justin Trudeau, Canada aims to significantly reduce greenhouse gas emissions from the transportation sector, which accounts for a substantial portion of the country's carbon footprint. The initiative aligns with Canada's broader climate objectives, including achieving net-zero emissions by…

READ MORE
electric meter

Nova Scotia regulator approves 14% electricity rate hike, defying premier

READ MORE

Newfoundland Consumer Advocate

NL Consumer Advocate says 18% electricity rate hike 'unacceptable'

READ MORE

nova scotia flag

N.S. approves new attempt to harness Bay of Fundy's powerful tides

READ MORE

Zero-emission electricity in Canada by 2035 is practical and profitable

READ MORE