Record cocaine bust in Canada surges street price by 20%: Police

Canadian authorities have seized a record 835 kilograms (1,840 pounds) of cocaine in Toronto, marking the largest drug bust in the city’s history. The cocaine, worth an estimated $83 million, is believed to be linked to the Jalisco New Generation Cartel, a prolific Mexican drug organization.

Months-long investigation leads to record seizure

In a press release, officials said they seized the drugs as part of an investigation known as “Project Castillo,” which began in August 2024. In October, after five months of work, Toronto police discovered the cocaine hidden in a truck with additional drugs found in several stash houses following the execution of search warrants.

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“We know that these drugs traveled all the way from Mexico, over the United States’ southern border, and then made their way here to Canada where we stopped and seized them,” said Toronto Police Chief Myron Demkiw at a press conference Tuesday, Jan. 21.

“When we get illicit drugs off our streets, we literally save lives. We protect people, we prevent violence and we break up criminal networks. This will always be our top priority.”

Toronto Police Chief Myron Demkiw

Jalisco cartel’s operations and broader impact

The Jalisco New Generation Cartel has been linked to a wide range of illegal activities. They include smuggling fentanyl into the U.S. disguised as prescription pills. The U.S. Drug Enforcement Administration (DEA) has tied the cartel to tens of thousands of overdose deaths across North America.

“These drugs were destined to other regions from coast to coast to coast,” Demkiw said.

The seizure has dealt a significant blow to organized crime. Officials said it disrupted drug trafficking and damaged the financial operations of the cartel. They also say the street price of cocaine surged by 20% following the bust, highlighting the operation’s immediate ripple effects.

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Arrests made, warrants issued for more suspects

Six people have been arrested in connection with the cocaine operation. They include four Canadians and two Mexican nationals who entered Canada legally. Arrest warrants have been issued for three more individuals, including two suspects believed to be in Mexico.