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November 19, 1998
Lastman talks dollars and sense with NY financiers
New York - Mayor Mel Lastman told the New York financial community today that
the City of Toronto offers the best opportunity in the world for business
expansion and new investment.

Citing the low Canadian dollar, the new streamlined amalgamated city, location
and quality of life, the mayor told the Canadian Society of New York that
Toronto is now one of the world's "most dynamic Cities."

"We now have a leaner, more efficient administration, less red tape and some
new attitudes and excitement," the mayor said. "We also have one big incentive
for relocation, expansion or investment - the Canadian dollar."

Lastman compared New York with Toronto and said each was the financial centre
of their respective countries. And, he added, Toronto is now the home for 400
American companies and corporations, "the highest number of any city anywhere
outside the United States."

The Mayor also praised Toronto's quality of life, its world-wide reputation as
being one of the best places on earth to live and do business, its diversity
and its standard of living. He added a Toronto office gave business "a
signature address to the world."

The address to the Society was part of a three-day trade and promotion tour to
New York which also included talks with New York Mayor Rudolph Giuliani, visits
to the fashion industry and meetings with top financial firms and movie
production houses.

Media Contact
Jim Warren
Mayor's office
(416) 395-6485



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