Recent forecasts from Environment Canada and global models indicate a high of 17–18°C for Toronto on October 3 under clear, sunny skies with light easterly or northeasterly flow, aligning closely with the 1991–2020 climatological average high near 18°C. High pressure dominating the region has suppressed cloud cover and precipitation, limiting daytime warming while preventing significant cooling, which underpins the market’s heavy weighting toward 17°C (48%) and nearby outcomes. Minor model variations in boundary-layer mixing and wind direction could nudge the exact maximum by 1°C, yet consensus remains stable with no major shifts expected before resolution. Traders appear to be pricing in this reliable late-summer-to-autumn transition pattern.
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