Each Toronto tree valued at about $700

Hug a tree – it’s saving you money, according to a report from TD Economics released Monday.

According to a new report, the trees in the City of Toronto’s urban forest are worth an estimated $7 billion, or about $700 per tree.

The report looks at Toronto’s urban forest of 10-million trees from an economic perspective, calculating the value each tree provides by saving energy, keeping rain and snow off the streets and absorbing pollution.

Toronto’s urban forest is worth $7-billion — or $700 a tree | Financial Post

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The top 5 Giorgio Mammoliti controversies

In May 1999, back when Giorgio Mammoliti was just "George," the councillor for North York--Humber was vehemently opposed to the idea of officially allowing a clothing optional beach at Hanlan's Point, fearing it would lead to rampant public nudity in Toronto. "Today it's a secluded beach, tomorrow it will be the beachfront and then it will be the streets," he said. City council approved the idea 41-9, but Mammoliti refused to let the vote pass without a spectacle. "After removing his shirt and tie, Mammoliti briefly posed half-naked for television crews before the air-conditioning prompted him to slip a jacket over his bare, hairy chest," the Toronto Star reported. "Mammoliti declined to remove his pants." Sources / More info: The top 5 Giorgio Mammoliti controversies