Word: toronto
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Dates: during 1990-1999
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With their flashing boards and shouting traders, the frenzied floor pits of the world's stock and commodities exchanges are a symbol of the human side of the financial marketplace. But they are fast becoming a quaint anachronism. The British and French stock markets are completely computerized, the Toronto exchange plans to shut down its trading floor by the end of the year, and the Japanese, Koreans and Germans are rapidly moving in that direction. Now comes one of the biggest steps toward a global computerized marketplace: this week Reuters and the two major Chicago commodities exchanges plan to launch...
FROM THE CLASSY WORLD FINANCIAL CENTER IN Manhattan to the 71-acre Canary Wharf office complex in London, Olympia & York has changed the face of some of the world's great cities. But last week the biggest builder on earth sought shelter in bankruptcy court in Toronto and New York City after its owners, Canada's secretive Reichmann brothers, struggled vainly for months to restructure $12 billion of debt. While the action marked one of the largest real estate bankruptcies ever, it covered only a portion of Olympia & York's vast holdings -- including its 72-story Toronto headquarters...
...study says no such thing. In fact, it can't, since the authors haven't finished analyzing the raw data yet. As everyone from pollsters to physicists know, raw numbers can be misleading until they have been subjected to statistical analysis. Says Dr. Anthony Miller, the University of Toronto researcher: "Anyone who says the statistics lead to such a conclusion at this point is wrong...
...type of person who would not be receptive to Operation Rescue's message." For one thing, Buffalo is home to the largest school in New York State's massive university system. At the same time, two streams of financial fortune, one from an overheated economy in nearby Toronto and the other from the 1988 free-trade agreement between the U.S. and Canada, have helped replace the city's dying manufacturing base with a large white-collar force...
California 9, Toronto...