Toronto dollar

The Toronto dollar was a paper local currency used in Toronto, Ontario from 1998-2013. It had fixed exchange rates with the Canadian dollar. A lower exchange rate was used when trading Toronto dollars for Canadian dollars than vice versa, and the income from this disparity was used to fund social benefit programs.

Description

The Toronto dollar, founded in December 1998, is a paper local currency used in Ontario. It has a fixed exchange rate with the Canadian dollar. The Family Life Foundation of Willowdale—a registered Canadian charity—then chaired by the Rev. Lindsay G. King (Minister of Willowdale United Church) was one of the sponsors of the Toronto dollar system. The Rev. King was present at the founding of the TD, at which the Toronto Mayor, Mel Lastman, bought the first Toronto dollar.[1]

The currency is administered by Toronto Dollar Community Projects Inc., a not-for-profit community group, and is a project of St. Lawrence Works.

The currency can be purchased by anyone at a number of locations at a 1-for-1 rate. Local businesses can agree to accept the currency at par with the Canadian dollar. Merchants are free to exchange Toronto dollars for Canadian dollars twice a month, at the rate of 90 cents to the dollar.[1]

As of 2008, a little under 150 businesses accepted the Toronto dollar; most of these were in the St. Lawrence Market and at Gerrard Square.[2][citation needed]

Charity and poverty reduction

The Toronto dollar varies from most local currencies in that 10% of the funds used when purchasing or redeeming the currency are allocated to benefit community initiatives and groups, particularly those who are on low incomes, unemployed or homeless. As of 2008, the Toronto dollar has helped to raise and donate over $110,000 for local charities,[2] and has given grants to at least 35 different organizations.[1]

The Toronto dollar also provides an incentive for productivity for welfare recipients: Toronto dollars can be given as gifts to welfare recipients who perform volunteer work for charitable and non-profit organizations, and such gifts do not affect welfare benefits.[1]

Discontinuation

In 2012/2013 the group announced that the "Toronto Dollar organization has had to suspend sales of Toronto Dollars due to lack of volunteers and the lack of infrastructure to support the work."[3]

A current lack of an online presence of the Toronto dollar and its program indicates that the currency is most likely not poised for a revival. Several articles from various periods, as late as the 2013 downturn in the issuing and usage of the currency, seemingly confirm this theory. No update to the status of the program or the currency seems to be available via the internet at this time.[citation needed]

See also

References

  1. ^ a b c d Mark Herpel, "The Toronto Dollar: Community Alternative Dollar", California Chronicle, Apr. 18, 2008. Archived July 16, 2011, at the Wayback Machine
  2. ^ a b Barbara Turnbull, "Milestone for the `Toronto Dollar'", Toronto Star, Mar. 22, 2008.
  3. ^ Toronto Dollar Community - http://www.torontodollar.com/

Read other articles:

العلاقات السودانية البالاوية

العلاقات السودانية البالاوية السودان بالاو   السودان   بالاو تعديل مصدري - تعديل   العلاقات السودانية البالاوية هي العلاقات الثنائية التي تجمع بين السودان وبالاو.[1][2][3][4][5] مقارنة بين البلدين هذه مقارنة عامة ومرجعية للدولتين: وجه المقارنة...

 

 

John Barker (advertising executive)

John BarkerBorn1965EducationYale UniversityOccupationBusinessmanKnown forFounder of Barker/DZP, The ACME Brand Content Company and Digital Zen Productions John Barker (born 1965) is an American entrepreneur and advertising executive based in New York City, NY.[1] He is the founder of 3 companies: integrated advertising and interactive agency Barker/DZP; branded entertainment firm The ACME Brand Content Company, and multi-platform digital content production company Digital Zen Pro...

 

 

Janne Andersson

Janne Andersson Andersson pada 2018 bersama Swedia.Informasi pribadiNama lengkap Jan Olof AnderssonTanggal lahir 29 September 1962 (umur 61)Tempat lahir Halmstad, SwediaInformasi klubKlub saat ini Swedia (manager)Karier senior*Tahun Tim Tampil (Gol)1979–1986 Alets IK 1987 IS Halmia 1988–1992 Alets IK 1993 Laholms FK Kepelatihan1988–1989 Alets IK1993–1998 Laholms FK2004–2009 Halmstads BK2010 Örgryte IS2011–2016 IFK Norrköping2016– Swedia * Penampilan dan gol di klub senio...

Summer with Monika

1952 film Sommaren med MonikaOriginal Swedish film posterDirected byIngmar BergmanWritten byIngmar BergmanBased onSommaren med Monika1951 novelby Per Anders FogelströmProduced byAllan EkelundStarringHarriet AnderssonLars EkborgCinematographyGunnar FischerMusic byErik NordgrenLes BaxterRelease dates 9 February 1953 (1953-02-09) (Sweden) 1 September 1955 (1955-09-01) (U.S.) Running time96 minutesCountrySwedenLanguageSwedish Summer with Monika (Swedish: Som...

 

 

The Days

The DaysSingel oleh Aviciidari album mini The Days / Nights EPDirilis03 Oktober 2014 (2014-10-03)Direkam2014GenreFolktronicasoulhouseDurasi4:38LabelPRMDUniversalPenciptaBrandon FlowersSalem Al FakirTim BerglingRobbie WilliamsVincent PontareProduserSalem Al FakirAviciiVincent PontareKronologi singel Avicii Dar um Jeito (We Will Find a Way) (2014) The Days (2014) Divine Sorrow (2014) Kronologi singel Robbie Williams Shine My Shoes(2014) The Days(2014) Party Like a Russian(2016) V...

 

 

David Jones (VC)

English recipient of the Victoria Cross David JonesDavid Jones as depicted on a cigarette cardBorn(1892-01-10)10 January 1892Liverpool, Lancashire, EnglandDied7 October 1916(1916-10-07) (aged 24) †Bancourt, FranceBuriedBancourt British CemeteryAllegiance United KingdomService/branch British ArmyRankSergeantUnitThe King's (Liverpool) RegimentBattles/warsWorld War I Battle of Loos Battle of the Somme Battle of Guillemont Battle of Le Transloy  † AwardsVictor...

Ned Lamont

Ned Lamont Gubernur Connecticut ke-89PetahanaMulai menjabat 9 Januari 2019WakilSusan BysiewiczPendahuluDan MalloyPenggantiPetahana Informasi pribadiLahirEdward Miner Lamont Jr.3 Januari 1954 (umur 70)Washington, D.C., Amerika SerikatPartai politikPartai DemokratSuami/istriAnn Huntress ​(m. 1983)​Anak3Sunting kotak info • L • B Edward Miner Lamont Jr. (lahir 3 Januari 1954) adalah seorang pengusaha dan politikus Amerika Serikat yang menjabat ...

 

 

Ain't She Tweet

1952 film directed by Friz Freleng Ain't She TweetDirected byI. FrelengStory byWarren Foster[1]Produced byEddie SelzerStarringMel Blanc, Bea BenaderetMusic byCarl StallingAnimation byKen ChampinManuel PerezArthur DavisVirgil RossLayouts byHawley PrattBackgrounds byIrv WynerColor processTechnicolorProductioncompanyWarner Bros. CartoonsDistributed byWarner Bros. PicturesRelease date June 21, 1952 (1952-06-21) Running time7:09LanguageEnglish Ain't She Tweet is a 1952 Warne...

 

 

Margaret Curran

For other people named Margaret Curran, see Margaret Curran (disambiguation). Scottish Labour politician Margaret CurranOfficial portrait, 2003Shadow Secretary of State for ScotlandIn office7 October 2011 – 11 May 2015LeaderEd MilibandPreceded byAnn McKechinSucceeded byIan MurrayShadow Minister for Disabled PeopleIn office7 October 2010 – 8 October 2011LeaderEd MilibandPreceded byMark HarperSucceeded byAnne McGuireMinister for Parliamentary BusinessIn office4 October 200...

The Church of Jesus Christ of Latter-day Saints in the Mariana Islands

Latter-day Saints in the Mariana Islands The Church of Jesus Christ of Latter-day Saints in GuamYigoBarrigadaTalisayLDS Church meetinghouses and templeRed = Yigo Guam Temple andadjacent meetinghouseGreen = Stake Center Purple = Other meetinghouseAreaAsia NorthMembers2,547 (2022)[1]Stakes1Wards4Branches1Total Congregations[2]5Missions1Temples1 Family History Centers2[3] The Church of Jesus Christ of Latter-day Saints in the Northern Mariana IslandsMembers and missionari...

 

 

Bila Tserkva massacre

Massacre of Jews committed by the Nazi German Einsatzgruppe with the aid of Ukrainian auxiliaries Bila Tserkva massacreSynagogue in Bila Tserkva before the Bolshevik revolutionLocation of Bila Tserkva massacre within UkraineLocationBila Tserkva, Ukraine49°47′56″N 30°06′55″E / 49.798889°N 30.115278°E / 49.798889; 30.115278DateAugust 21, 1941 (1941-08-21)Incident typeMass murder of JewsPerpetrators Nazi Germany Einsatzgruppen 6th Army 295t...

 

 

Administrative divisions of Haiti

The administrative divisions of Haiti (Haitian Creole: divizyon administratif Ayiti) are concerned with the institutional and territorial organization of Haitian territory. There are many administrative divisions which may have political (local government), electoral (districts), or administrative (decentralized services of the state) objectives. Administrative divisions As of 22 July 2015[update], Haiti is divided into the following:[1][2] 4 regions being No...

Flat wagon

Railway goods wagon This article is about the railway goods vehicle in Europe and other countries following UIC practice. For North American practice, see Flatcar. This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. (January 2023) (Learn how and when to remove this message) Flat wagons for carrying timber: the Class Snps719 (front) and the Class Roos-t642 (behind)...

 

 

Головне управління оперативного забезпечення Збройних сил України

Головне управління оперативного забезпечення — формування Збройних сили України, яке існувало до 2020 року і забезпечувало оперативне забезпечення частин і підрозділів ЗСУ. У 2020 році було перетворене на Командування Сил підтримки Збройних сил України.[1][2] Змі...

 

 

Local Angel

2004 studio album by Brant BjorkLocal AngelStudio album by Brant BjorkReleasedAugust 10, 2004 (2004-08-10)RecordedFebruary 6, 2004 (2004-02-06)–February 15, 2004 (2004-02-15)StudioRancho de la Luna, Joshua Tree, CaliforniaGenreStoner rockdesert rockLength47:37Label Duna Records Heavy Psych Sounds Records (2018 reissue) ProducerBrant Bjork & Tony MasonBrant Bjork chronology Keep Your Cool(2003) Local Angel(2004) Saved by Magic(2005) A...

United Nations Security Council Resolution 1566

United Nations resolution adopted in 2004 UN Security CouncilResolution 1566Aftermath of the 2004 Australian embassy bombing in Jakarta (2004)Date8 October 2004Meeting no.5,053CodeS/RES/1566 (Document)SubjectThreats to international peace and security caused by terrorist actsVoting summary15 voted forNone voted againstNone abstainedResultAdoptedSecurity Council compositionPermanent members China France Russia United Kingdom United StatesNon-permanent members...

 

 

Кубок Джей Росса Робертсона

Для улучшения этой статьи желательно: Найти и оформить в виде сносок ссылки на независимые авторитетные источники, подтверждающие написанное.Проставить сноски, внести более точные указания на источники.Подтвердить значимость предмета статьи согласно критериям значим...

 

 

Wikipedia talk:WikiProject Medicine/Archive 18

This page is an archive of past discussions. Do not edit the contents of this page. If you wish to start a new discussion or revive an old one, please do so on the current talk page. Review of Combined Small Cell Lung Carcinoma Ladies and gentlemen: I'm guessing that SOMEONE reviewed the above-entitled article, as the New Unreviewed Article tag has now disappeared. Many thanks to whomever did so. I have not been able to find any comments or criticisms on it anywhere, however, and I was just c...

Purbalingga, Purbalingga

Halaman ini berisi artikel tentang nama kecamatan di Kabupaten Purbalingga. Untuk nama kabupaten yang sama, lihat Kabupaten Purbalingga. Purbalingga Purbalingga KotaKecamatanAlun-alun Purbalingga, Masjid Agung Purbalingga, Stadion Goentoer DarjonoPurbalinggaPeta lokasi Kecamatan PurbalinggaTampilkan peta Jawa TengahPurbalinggaPurbalingga (Jawa)Tampilkan peta JawaPurbalinggaPurbalingga (Indonesia)Tampilkan peta IndonesiaKoordinat: 7°23′25″S 109°21′40″E / 7.39028°S 10...

 

 

隋炀帝

本條目存在以下問題，請協助改善本條目或在討論頁針對議題發表看法。 此條目需要补充更多来源。 (2020年12月13日)请协助補充多方面可靠来源以改善这篇条目，无法查证的内容可能會因為异议提出而被移除。致使用者：请搜索一下条目的标题（来源搜索：隋炀帝 — 网页、新闻、书籍、学术、图像），以检查网络上是否存在该主题的更多可靠来源（判定指引）。 此條目�...