I just posted an article about the financial problems at the Canadian Stage Company. The upshot is that to survive in Toronto theatre, you need to have a pretty clear idea of what you're about. At the moment, CanStage seems a little confused. Here's a snippit:
CanStage's 2007-08 season seemed calculated to appeal to the widest possible audience and take a stab at Mirvish Production's dominance of the 'big show' market. And if there's anything close to an inviolable law in Toronto theatre, it's this: you can't out-Mirvish Mirvish. Even Mirvish can't out-Mirvish Mirvish, as demonstrated by a spate of ambitious but flawed projects. Lord of the Rings. The Musical. That's all I'm saying.
Anyways, check it out if you get a chance.