In December, Toronto Finance International and the Conference Board of Canada released the sixth annual report card on Toronto and Canada’s financial services sector - Toronto on the Global Stage: 2018 Report Card on Canada and Toronto’s Financial Services Sector. Key highlights from the report include:

  • Toronto added more than 55,000 new financial services jobs between 2012 and 2017, an increase of more than 25 per cent.
  • The concentration of financial services employment in Toronto (8.3 per cent) is higher than world financial capitals London and New York.
  • The sector accounted for 13.6 per cent of Toronto’s economy in 2017—second only to the public services sector.
  • The sector accounts for nearly half of the country’s outward foreign direct investment. At $537 billion in 2017, this has more than doubled in the last decade.
  • Financial services are also Canada’s largest and fastest-growing services export.
  • International rankings show Toronto as the second most significant financial centre in North America.

Read the Press Release

Date

December 4, 2018