The cost of Toronto's rescue mission for a trapped digging machine has jumped to $25 million; water in heart-shaped pool at Love Park turns green; Toronto's new mayor Olivia Chow inherits a city in dire financial straits; and other news.

The cost of the city’s rescue mission for a trapped digging machine has jumped to $25 million (The Star)

Water in heart-shaped pool at Toronto's Love Park turns green (CBC)

Toronto’s new mayor Olivia Chow inherits a city in dire financial straits (The Globe and Mail)

The 30% benchmark for affordable housing is tough. Here’s what it can afford the average worker in different parts of the GTA (The Star)

Ontario to seek wind, solar power to ease electricity supply crunch (CityNews)

Taxpayers group calls on Olivia Chow to cancel Toronto's World Cup hosting duties (CP24)

‘It’s going to get more painful’: Bank of Canada widely expected to raise key interest rate Wednesday (The Star)

Ontario developer asks court to prevent, delay interview with auditor general in Greenbelt audit (CBC)

'Seeing is believing': VR project immerses viewers in climate change on Yukon island (CityNews)

'A sharp rebalancing of demand-supply conditions:' RBC says GTA housing market lost steam in June (CP24)

Olivia Chow calls for review of Ontario’s property assessment system to ‘make sure that everybody pays their fair share’ (The Star)

Infrastructure, fuel taxes are high on the to-do list as premiers gather in Winnipeg (CBC)