Global Business Centre

More than just a vibrant city, Toronto is an important commercial hub. Every year, more than 76,000 Toronto-based businesses export over $70 billion in goods and services to countries around the world.

And if Toronto is the hub, its spokes extend far beyond the city; Toronto also serves as a gateway to the rest of the province and, indeed, the country.

According to the World Economic Forum’s Global Competitiveness Report 2009-2010, Canada has the world’s soundest banking system. Canadian banks are well managed, well capitalized, well regulated and secure. That stable and regulated banking system has helped Canada and Toronto lead the way out of a global downturn making Toronto industry the envy of the world. It’s no surprise that top companies in key sectors—from biomedical, financial and manufacturing to film, fashion and food—make their headquarters here.

According to an FDI ranking of North American Cities of the Future, Toronto is in the top five for economic potential and infrastructure. Its reputation as a trusted business centre—one with accountability, transparency, regulation and ethical business practices—has earned it high praise from international fiscal leaders and high marks as a global business centre.

What’s more, Toronto is a highly livable city, making it a much sought-after destination among business travelers and industry leaders looking for a home base. The Economist Intelligence Unit “Livability Survey January 2010” ranked Toronto 4th in the world for liveability. Meanwhile, Mastercard ranked Toronto 4th on its “Ease of Doing Business Dimension”.

A big city with bright business lights, Toronto is central to the future of international finance and is leading the way into the next era of global business.