Is 2.5hrs sufficient for YYZ international transfer?

I am flying from NYC to YYZ and then to Asia. Arriving late to YYZ.

Will there be enough time for 2.5hrs connection time? I check the Toronto airport transfer guide and it says I need to pass thru customs + recheck bags (I need to check luggage) + pass thru security.

I have my tickets booked in the same reservation but flying different airlines. Kinda worried given the flight from NYC is always delayed (40min to an hour).