The incident occurred near Spadina Avenue and Eglinton Avenue East at about 5:40 a.m., according to police.
Police say the suspect had a knife and approached the victim from behind.
The victim refused to comply when the suspect demanded he hand over valuables.
That’s when police say the suspect “violently assaulted” the victim and stabbed him. There is no word at this time on the victim's condition.
The suspect fled the scene. He is described as a 5’10” black male with a thin build, who was wearing a light-blue, hooded sweater and dark khaki pants.
Police ask that anyone with information contact investigators at 416-808-1300. Members of the public can also pass on information anonymously through Crime Stoppers at 416-222-8477.