Tag: City

COVID-19 outbreak to cost Toronto at least $1.5 billion in 2020, says city

The pandemic will cost Toronto at least $ 1.5 billion in 2020, city officials estimate. That is the best-case scenario, Mayor John Tory said Friday during a city hall press conference. The worst-case scenario — a prolonged lockdown — would create a financial hole of $ 2.76 billion. “This is one of the greatest financial…