Summary of wet weather ahead and Toronto Star losses

A special weather statement released at 6 a.m. Wednesday calls for wet weather to return later in the week. With the ground already saturated, there may be potential for some local flooding, it says. It reads: “Rain will spread back into Southern Ontario from the southwest Thursday reaching Eastern Ontario by Friday morning. Total rainfall amounts may approach 50 mm in some locales before the rain tapers to showers on the weekend. There may be localized flooding in areas where the rain is the heaviest. Environment Canada will monitor this situation and issue further statements or warnings as the event draws closer.”

 

TORONTO STAR

The Toronto Star Wednesday announced a loss of $24.4 million in the first quarter ending March 31 with an 11 percent drop in revenue. The pattern of declining revenue over many years seems an ominous factor as the paper tries to stabilize its business. As many as 110 jobs will be cut and the Star says it hopes to shave $5.3 million off operating costs.

 

 

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