Toronto Board of Trade

Toronto Board of Trade

March 05, 2009 15:53 ET

Global Financial Cities Survey Shows Toronto on the Rise: Board of Trade

Toronto should be a top ten city, says CEO Carol Wilding of 11th place ranking

TORONTO, ONTARIO--(Marketwire - March 5, 2009) - Toronto Board of Trade President and CEO Carol Wilding says Toronto's 11th place ranking on the latest Global Financial Centres Index (GFCI), released today, is a sign that Toronto is gaining ground as a global city.

"Toronto is on a steady upward climb in the world of high finance," says Wilding, noting that Toronto has risen from 15th place one year ago to 12th place last September to 11th place today. "A top-ten ranking is within reach. The real question is: how high within the top ten can we go?"

Added Wilding: "The GFCI paints a picture of how this global industry sees Toronto, and the results are clear. First, those who know Toronto think it's a great place to do business. Second, not enough people know Toronto."

The GFCI is based upon assessments of more than 60 cities around the world provided by market practitioners and regulators. Of the 1,455 people who completed the survey, only 459 actually included Toronto in their assessment, the lowest of any city ranked among the top 15.

Among those who did assess Toronto, however, perceptions of the city improved considerably. Along with Vancouver and Montreal, Toronto posted the highest increase in average score since the last survey in September 2008. "The report praises Toronto's marketing efforts, but we can still do a better job spreading about our city," says Wilding.

The Global Financial Centres Index, updated twice annually, is published by the City of London in the UK. The full report can be viewed here.

About the Toronto Board of Trade (

Founded in 1845, the Toronto Board of Trade is Canada's largest local chamber of commerce, connecting more than 200,000 business professionals and influencers throughout the Toronto region. The Board of Trade advances the success of its members and the entire Toronto region by facilitating opportunities for knowledge sharing, networking, business development and city building.

Contact Information

  • Toronto Board of Trade
    Philip Preville
    Director of Public Affairs
    (416) 862-4514 or Cell: (416) 318-6906