April 25, 2014
April 14, 2014
Movers and Starters: Neven Zeremski of Dubb
April 8, 2014
Pop-up Startup
April 1, 2014
Movers and Starters: Mallorie Brodie and Lauren Hasegawa of Bridgit
December 16, 2013
Movers and Starters: Chris Gory
December 11, 2013
Canada Post Says Goodbye to Door-To-Door Delivery in Urban Areas
Toronto Set To Become The Centre For Global Finance
Our city's looking like it's about to mosey on up next to the big guys like New York, London, and Tokyo.

We all knew it was coming, because, well, we’re arrogant Torontonians. 

By 2017, Toronto will surpass London to become the world’s financial centre, according to Moody’s Analytics. Canada currently employs 320,000 in its banking sector, while London employs 400,000. 

It’s no surprise really. Since the global financial meltdown of 2008, the Canadian economy has remained quite stable, with a strong dollar and stable banking sector (not to mention zero government bailouts). 

“Rather than suffering from the widespread layoffs seen in other financial capitals such as New York City and London, Toronto experienced only a small downturn and has been enjoying two banner years since then, with steady job growth, exploding downtown real estate prices, and a construction boom that is making cranes as prevalent a feature as skyscrapers on the city’s skyline,” says Moody’s Mark Hopkins.

Compared to Europe who depend heavily on their governments for employment, Canadian public sector jobs sit at around 20% of the market. 

The secret? “Being conservative,” says Moody’s (who’s clearly never been to Chris Randle’s DJ nights, but I digress). 

Still, don’t expect a cultural shift. As Global Finance suggests, Canada’s financial role will look more like Switzerland’s, with “foreign investors buying up Canadian assets, equities and bonds as a hedge against economic turmoil,” rather than corporate or commercial. 


Jessica Carroll is the Standard’s editorial assistant. Follow her on Twitter at @jssckr.

For more, follow us on Twitter at @torontostandard, and subscribe to our newsletter.


By Igor Bonifacic
April 17th, 2014
Industry Movers and Starters: Ian Carnevale of Fora
Read More
By Igor Bonifacic
April 28th, 2014
Industry Movers and Starters: Richard Liang of Preo
Read More
By Igor Bonifacic
April 22nd, 2014
Uncategorized Test post
Read More
By Igor Bonifacic
April 8th, 2014
Editors Pick Pop-up Startup
Read More
  • No article found.
  • By TS Editors
    March 10th, 2014
    Culture Revolutionizing the Beer Drinking Experience with the Sam Can (Sponsored)
    Read More
    By Jordan Sowunmi
    December 27th, 2013
    The Sprawl DO MAKE SAY HEAR: Five Things to Do in The City This Weekend
    Read More
    By Jordan Sowunmi
    December 26th, 2013
    The Sprawl Over 50,000 Torontonians Still Sitting in the Dark
    Read More
    By Jordan Sowunmi
    December 20th, 2013
    The Sprawl Supreme Court of Canada Deems Prostitution Laws Unconstitutional
    Read More


    Society Snaps: Eric S. Margolis Foundation Launch

    Kristin Davis moved Toronto's philanthroists to tears ... then sent them all home with a baby elephant - Read More