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Coronavirus could cost City of Toronto at least $1.5B, mayor says
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Toronto Mayor John Tory says the coronavirus pandemic could cost the City between $1.5 and $2.76 billion, depending on the needed duration of public health measures. “This is one of the greatest challenges this city has ever faced and so we will have to rise to that challenge,” Tory told reporters Friday afternoon. “While we are scouring the City government for savings while still maintaining all the essential and critical services that people rely on in the city and we’re providing today through the pandemic, we will need help from the other levels of government.” Tory said a three-month lockdown and a six-month recovery period could cost $1.5 billion in 2020, calling that figure a “best-case scenario.” It was estimated that $938 million
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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