The King Edward Breeders' Cup Stakes is a Canadian Thoroughbred horse race run annually at Woodbine Racetrack in Toronto, Ontario. The Grade II turf race is open to horses aged three and older and is raced over a distance of one mile (8 furlongs). Run in mid June, it currently offers a purse of $300,000. Named for Edward VII of the United Kingdom who had been crowned king in 1901, the race was created the following year with its first running taking place in 1903 as the King Edward Gold Cup. It was raced on dirt at the Old Woodbine Park until 1958 when it was moved to Woodbine Racetrack and changed to a turf race. Renamed the King Edward Breeders' Handicap, in 2007 it became a Stakes event. Since inception, the King Edward Stakes has been raced at a variety of distances.