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Torontonians appear to be returning downtown in greater numbers but the pace of the city’s economic recovery still lags behind many other North American cities, a new study suggests.
Toronto residents headed downtown over the holidays, with pedestrian traffic on Yonge Street at the end of year surpassing pre-pandemic levels, says a business organization.
After two years of in-person event and festival cancellations, along with pandemic restrictions that brought tourism as a whole to a standstill, visitors slowly started returning to Toronto in 2022.