The TOC in notifications emails displays "$title" instead of the actual page title

Steps to reproduce

• For current user:
  • Enable email notifications for Pages
  • Update notification email interval to "Live"
  • Disable notification filter which filters out events created by current user
• With same user, create page "Sandbox.Test.Webhome" with title "Test" and custom content.

Actual result

The notification email TOC displays "$title" instead of the created document actual title. See capture below of an email received from an XWiki Cloud instance runnning XS 14.4.3.