Looks like Toronto's next batch of streetcars will be made by Bombardier. The Canadian company is a shoo-in to win the $1.25 billion contract after German manufacturer Siemens pulled out of the bidding, leaving only a small British company and that guy down the street with the junked car on his lawn as competition. The TSX dropped a dramatic 433 points yesterday on fears that recession will reduce demand for commodities like the oil......

WestJet and Porter Airlines both added fuel surcharges to their ticket prices, because it turns out jet fuel is getting more expensive what with, you know, oil prices and all. So obviously this means that you should plan your expensive, environmentally wasteful trip sooner rather than later, when all the gas runs out and the only airline left is the Gyro Captain from The Road Warrior. The company head of Taser International told a......

Unless you're just coming off a three-day bender, you already know that Australian actor Heath Ledger died in New York yesterday, an event covered by the media with the familiar dead celebrity combination of prurience and gravitas. Still, he was good at what he did and he had a little girl and it's sad. Good news, everybody! Dalton McGuinty has announced that there will be no recession, in spite of deepening pessimism on the......

TSX plunges nearly five percent in one day. The stocks dropped as a result of a worldwide sell-off prompted by the probable American recession that, depending on who you talk to, is either here already, coming very soon, or never going to come ever. Of course, you'll only hear that last one when you talk to George W. Bush. Landlord of "the Dungeon" says it's not his fault. He only rents it out, he......

Unionized Toronto Star employees met at a downtown hotel yesterday and voted 96% in favour of a strike, or as the Star itself might say, "Star Employees Vote To Strike At Hotel." In another sign of potential economic trouble on the horizon, the benchmark TSX stock index dropped 623 points in two days. While most issues declined, analysts declared themselves bullish on several sectors, including rural real estate, bottled water, and firearms. The San......

Stock market volatility continued yesterday, with the TSX index adding a 194 point drop to a loss of about 10% in the last month. A spokesman for the Global Society of Plutocrats said that in spite of the burgeoning financial crisis, everything remains fine for the super-rich. Toronto City Councillor Giorgio Mammoiliti is still planning on taking a $5000 trip to a zoo conference in Budapest next week in spite of a City Hall ban......

Proving that New Democrats actually are allowed to have a sense of humour, former provincial cabinet minister and federal candidate Marilyn Churley commented on the dearth of women in the Ontario legislature by suggesting that there were not enough Janes and too many Dicks in provincial politics. You go, girl. Speaking of dicks at Queen's Park, Citizenship Minister Mike Colle has resigned after the Auditor-General revealed that his office had awarded more than 32......

Following a major sell-off in the Shanghai stock market yesterday, other markets around the world fell dramatically, including the Toronto Stock Exchange. It looks like today is more of the same, as the index is already down 61.85 points, or 0.49%. However, given today's partial recovery of the Dow after its 400+ point fall yesterday, it is possible the S&P/TSX could bounce back by closing time. Yesterday the TSX fell 370 points, or 2.72%,......

Photo by Denmar from the Torontoist Flickr Pool. With 2006 safely behind us, Torontoist can take this opportunity to look forward to the year ahead. We wanted to predict things that could make our readers and ourselves lots of money, things like lottery numbers, oil prices or the direction of the TSX. However, as you can see, on Torontoist's limited budget, we could only get a really tiny crystal ball. It's kind of pathetic.......

Turns out that the union was actually ready to walkout again yesterday. Fortunately a few last minute desperate phone calls prevented what would've been a disastrous second wildcat strike in as many weeks. The TTC and the union are still in intense negotiations. Hopefully they can avoid any future job actions. Other than Bob Kinnear, most of the city's other major unions give Mayor Miller the thumbs up. The TSX was one of the......