This was, of course, the coat of arms for the pre-amalgamation City of Toronto. Perhaps its rather pallid replacement is symbolic of the state we find ourselves today;
The current Toronto coat of arms: animals drawn by Nelvana (a Care Bears city?); an eagle? a bear? One needs a glossary to see how this committtee-designed product was an attempt to meld various images from the various pre-amalgamation cities so that nobody felt left out.
There`s still a few heraldic remnants that can still be found around old metro if one looks hard enough, though:
^Good find!
Just to round out the boroughs, here's Scarborough, with description:
http://reg.gg.ca/heraldry/pub-reg/project-pic.asp?lang=e&ProjectID=606&ProjectElementID=2131
...
And here's a clearer version of the old Metro arms that I posted above:
http://reg.gg.ca/heraldry/pub-reg/project-pic.asp?lang=e&ProjectID=1527&ProjectElementID=5122