^ I'm not here to slam VIA's plans or paint it as something not worth doing unless it's true HSR, but...
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They'll still be able to upgrade this track to bring it up to HSR. That's how most countries do it.
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..."upgrading track" is not going to deliver high speed rail anymore than putting a better roof on and running electricity to a dog house will make it a human house. There are a multitude of other factors that prevent true HSR operations like curve radii, grade separations or lack thereof, and more than anything else, inter-operation with slower freight trains.