There is, but as Brit said above, it seems to take a while. It's cheaper ($27.50 now, but will be $28 starting Mar 20), but you'd be going in a bit of a circle since Square One is a while way east of Waterloo. It takes about 45 minutes to get to Square One from Mac, but something like 2 hours ish to get to Waterloo from Square One, whereas Coach takes a little over an hour to get from Mac to Waterloo directly.
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