From Down Under to the True North.
Watts documented the reunion on Instagram, posting a black-and-white photo of the pair.
“When you run into your #bff even for one second, it’s a winning moment,” Watts, 47, wrote of the sweet encounter. “#tff #loveyoutothemoon.”
Both actresses hail from Australia, and met as high school students at North Sydney Girls High School.
For more on the Toronto International Film Festival, go to PEOPLE.com/tiff
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The Bleeder, the boxing biopic in which Watts stars alongside longtime partner Liev Schreiber, also made its TIFF debut on Saturday.
Watts and Schreiber were also on hand when the drama premiered at the Venice Film Festival last week.