Bay Street in the context of "Economy of Canada"

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⭐ Core Definition: Bay Street

Bay Street is a major thoroughfare in Downtown Toronto, Ontario, Canada. It is the centre of Toronto's Financial District and is often used by metonymy to refer to Canada's financial services industry since succeeding Montreal's St. James Street in that role in the 1970s.

Bay Street begins at Queens Quay (Toronto Harbour) in the south and ends at Davenport Road in the north. The original section of Bay Street ran only as far north as Queen Street West and just south of Front Street where the Grand Trunk rail lines entered into Union Station. Sections north of Queen Street were renamed Bay Street as several other streets were consolidated and several gaps filled in to create a new thoroughfare in the 1920s. The largest of these streets, Terauley Street, ran from Queen Street West to College Street. At these two points, there is a curve in Bay Street. North of College past Grenville Street to Breadalbane Street was St. Vincent Street, which was later bypassed with new alignment to the west leading to a stub now called St. Vincent Lane from Grosvenor Street to Grenville Street.

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Bay Street in the context of CIBC Square

CIBC Square (known during early stages of development as Bay Park Centre) is an office complex in the South Core neighbourhood of Toronto, Ontario, Canada. The complex, located on Bay Street south of Front Street, is a joint development between Ivanhoé Cambridge and Hines. It serves as the new global operational headquarters for the Canadian Imperial Bank of Commerce (CIBC), consolidating approximately 15,000 staff from several CIBC-tenanted buildings in the Greater Toronto Area, including its existing headquarters at Commerce Court. The development also includes the Union Station Bus Terminal constructed on behalf of Metrolinx for GO Transit, as well as other inter-city bus services, connected directly to Union Station, and a one-acre park elevated over the rail corridor.

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Bay Street in the context of Toronto Union Station

Union Station is a major railway station and intermodal transportation hub in Toronto, Ontario, Canada. The station is located in downtown Toronto, on Front Street West, on the south side of the block bounded by Bay Street and York Street. The municipal government of Toronto owns the station building while the provincial transit agency Metrolinx owns the train shed and trackage. It is operated by the Toronto Terminals Railway, a joint venture of the Canadian National Railway and Canadian Pacific Railway, which directs and controls train movement along the Union Station Rail Corridor, the largest and busiest rail corridor in Canada. Constructed in 1927, Union Station has been a National Historic Site of Canada since 1975, and a Heritage Railway Station since 1989.

Its central position in Canada's busiest inter-city rail service area, "The Corridor", as well as being the central hub of GO Transit's commuter rail service, makes Union Station Canada's busiest transportation facility and the second-busiest railway station in North America (behind New York Penn Station), serving over 72 million passengers each year. More than half of all Canadian inter-city passengers and 91 percent of Toronto commuter train passengers travel through Union Station.

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Bay Street in the context of PATH (Toronto)

Path (stylized as PATH) is a network of underground pedestrian tunnels, elevated walkways, and at-grade walkways connecting the office towers of Downtown Toronto, Ontario, Canada. It connects more than 70 buildings via 30 kilometres (19 mi) of tunnels, walkways, and shopping areas. According to Guinness World Records, Path is the largest underground shopping complex in the world, with 371,600 square metres (4,000,000 sq ft) of retail space which includes over 1,200 retail fronts (2016). As of 2016, over 200,000 residents and workers use the Path system daily with the number of private dwellings within walking distance at 30,115.

The Path network's northern point is the Atrium on Bay at Dundas Street and Bay Street, including a now-closed tunnel to the former Toronto Coach Terminal, while its southern point is Waterpark Place on Queens Quay. Its main north–south axes of walkways generally parallel Yonge and Bay Streets, while its main east–west axis parallels King Street.

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Bay Street in the context of Royal Bank Plaza

Royal Bank Plaza is a skyscraper in Toronto, Ontario, Canada that has served as the corporate headquarters for the Royal Bank of Canada since 1976. The building shares with the Fairmont Royal York Hotel the block in Toronto's financial district bordered by Bay, Front, York, and Wellington streets. It is owned by Pontegadea.

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Bay Street in the context of Scotia Plaza

Scotia Plaza is a commercial skyscraper in the city of Toronto, Ontario, Canada. Originally built to serve as the global headquarters of Canadian bank Scotiabank, it is in the financial district of the downtown core bordered by Yonge Street on the east, King Street West on the south, Bay Street on the west, and Adelaide Street West on the north. At 275 m (902 ft), Scotia Plaza is Canada's third tallest skyscraper and the 52nd tallest building in North America. It is connected to the PATH network, and contains 190,000 m (2,045,143 sq ft) of office space on 68 floors and 40 retail stores.

Olympia and York developed the complex as an expansion of the adjacent headquarters of Scotiabank and the bank continues to occupy approximately 24 floors of the structure. Olympia and York owned the complex from its completion until the company was liquidated due to overwhelming debt in 1993. Scotiabank led a consortium of banks to purchase the mortgage for Scotia Plaza and over the next five years, it purchased additional shares from its partners until it was the property's majority owner.

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Bay Street in the context of Commerce Court

Commerce Court is an office building complex on King and Bay Streets in the financial district of Toronto, Ontario, Canada. The four-building complex is a mix of Art Deco, International, and early Modernism architectural styles. The office complex served as the corporate headquarters for the Canadian Imperial Bank of Commerce (CIBC) and its predecessor, the Canadian Bank of Commerce, from 1931 to 2021. Although CIBC relocated its headquarters to CIBC Square, the bank still maintains offices at Commerce Court.

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Bay Street in the context of Union Station Bus Terminal

The Union Station Bus Terminal is the central intercity bus terminal in Toronto, Ontario, Canada. It is located in Downtown Toronto on the second floor of the south tower of CIBC Square, on the northeast corner of Bay Street and Lake Shore Boulevard. The terminal currently serves GO Transit regional buses as well as Coach Canada, Greyhound Lines and Ontario Northland long-distance bus services, among others. Owned by the provincial Crown agency Metrolinx, the terminal is connected by pedestrian walkways to the adjacent Union Station, Canada's busiest transportation hub.

The terminal opened on December 5, 2020, replacing both an outdoor terminal that was located on the north side of the rail corridor and the Toronto Coach Terminal.

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