Toronto alley

Morning Brew: Lawrence Park neighbourhood is the richest in the country, Christmas can stay in TTC break rooms, day two of public budget meetings, Rogers and Bell eye MLSE, and did Twitter steal Ontario's slogan?

You must be a high roller if you're living in Lawrence Park, according to Canadian Business magazine. That's because the M4N postal code is not only the richest area in all of Ontario, but all of Canada. But it's not like Lawrence Park residents survived these hard economic without repercussions: residents saw their net worth go down 1.4 per cent between 2010 and 2009. Yep, all the way down to a whopping $3,824,165.

Looks like Christmas has been saved in TTC break rooms. The holiday hullabaloo comes after an incident where Christmas decorations suddenly disappeared from break rooms across the Yonge and Bloor lines. Apparently they were taken away for fire hazard reasons, but there were murmurs that some political-correctness had something to do with the removal too. TTC spokesperson Brad Ross noted that the Commission does "embrace the holiday season, including Christmas" and that it was all "a misunderstanding."

Things got a little heated during the second floor hearing on the proposed city budget. Doug Ford, who had been ever-so-generous with his $1,000 cheque the day before, shot back at Toronto residents who don't support the cuts, saying, "Do you realize in Etobicoke people are saying 'Stay the course, keep going.' Do you realize in the suburbs that's what they're telling us?" Actually, no, I didn't. Has anyone heard this? I'd like to know.

Did Twitter steal Ontario's slogan? Looks like it. On the site's redesign (nicknamed "Fly" which I'm sure functions as both a verb and the adjective), "Yours to discover" is the new Twitter slogan. Sound familiar? It's only on almost every Ontario license plate (remember the old ones that read "Keep It Beautiful?"). Premier Dalton McGuinty apparently likes it, so I guess no hard feelings?

How's this for odd bedfellows? The Post reports that Rogers and Bell are set to buy Maple Leaf Sports and Entertainment in a deal that would be worth $1.4 billion. The telecommunications companies would split the 79.53 per cent of the company currently owned by the Ontario Teachers Pension plan. Apparently neither company really wanted to fork out the dough for the majority stake, but they also don't want to risk losing out on what are some super-valuable TV rights. Update: The Toronto Star reports that the deal is done, and that the two companies will hold a press conference later today to confirm the deal.


Photo by Brian Sinisac in the blogTO Flickr pool

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