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A stabbing on a moving subway train caused chaos in Toronto on Thursday afternoon as riders ran from the violent altercation.

The stabbing left a man in his 30s with life-threatening injuries. He was rushed to a nearby trauma centre. Later on Thursday, his condition was upgraded to stable.

His attacker, a man, is still at large and wanted for attempted murder.

In a news release late Thursday, Toronto police said they were called to Eglinton station, in the area of Yonge Street and Eglinton Avenue West, at about 12:20 p.m.

Police said two men were on a southbound train headed to Eglinton station when they got into an argument.

"The suspect then stabbed the victim multiple times," police said in the release.

Once the train stopped at the station, the attacker fled, police said.

Police described the suspect as 25 to 30 years old, five foot 10, with a thin build and a shaved head and no facial hair. He was wearing a grey hooded sweater with "GAP" on the front, black pants, black shoes, and was carrying a green back pack.