The Impact of Toronto’s Financial Sector

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The Impact of Toronto’s Financial Sector

Industry Sector Economics

Author: Thomas Hindle

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  • How Toronto ranks among international financial centres
  • The latest rapid growth—in both employment and GDP—of financial services in Canada, Ontario, and Toronto
  • A rundown of financial services subsectors—from the big five banks to TMX Group—and the latest rankings on their performance
  • Data on the financial services sector’s support for Canadian businesses, including fintech and venture capital funding
  • Current numbers on women’s representation on boards and senior management, and how the sector has one of the highest ratios of female employment in Canada
  • Growth rates for Canadian financial services exports and investment abroad
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This report assesses Toronto’s role in Canada’s financial services sector. It examines how the sector fares in global rankings, and how the city compares with other global financial centres.

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