From the 2022 budget:
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The London GO Rail Extension: In October 2021, Metrolinx launched a pilot project to provide weekday GO train trips between London and Union Station in Toronto. The new service extends beyond GO Transit’s Kitchener Line and includes stops in St. Marys and Stratford. Ontario is proceeding with planning work and investments for track improvements to support implementation of faster and more frequent service between London and Union Station in Toronto.
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It's looking like London GO is here to stay if they are already planning frequency and speed upgrades along the rail corridor.