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June 5, 2003
Major initiatives, action announced at Toronto City Summit
The Toronto City Summit Alliance (TSCA) today announced three major initiatives
in research, tourism and immigration to address some of the recommendations in
its report entitled Enough Talk: An Action Plan for the Toronto Region. The
report was endorsed by 300 delegates who attended the second annual City Summit
at the Metro Toronto Convention Centre.

The Toronto Region Research Alliance was announced by Dr. John Evans, Chairman
of the MARS Discovery District. The first of its kind in Canada, the alliance
will be composed of CEOs of leading companies, presidents of universities and
colleges in the Golden Horseshoe area including Hamilton and
Kitchener/Waterloo, the CEOs of Toronto's teaching hospitals, and Canadian
venture capitalists.

"Our mission is to make Toronto one of the premier research and
commercialization regions in the world," said David Pecaut, Chair of the
Toronto City Summit Alliance. "Through this initiative we will develop a
strategic plan for research infrastructure, recruit the best researchers in the
world, promote increased private and government funding, and improve access to
venture capital."

As well, a private sector-led group was also announced to spearhead a special,
post-SARS campaign to mobilize the recovery of Toronto's hospitality and
tourism industry. Kevin Shea, former president of Global television will head
up a management team supported by a board of directors from all sectors of the
Toronto region, and an advisory group of senior marketing and communications

Called the Toront03 Alliance, the initiative is an offshoot of the Toronto City
Summit Alliance and has received an initial contribution of $1 million from BMO
Financial Group, CIBC, RBC Financial Group, Scotiabank Group and the TD
Financial Group.

Finally, the formation of a Toronto Region Immigration Council was announced.
Dominic D'Alessandro, President and CEO and Diane Bean, Senior Vice President,
Human Resources and Corporate Communications, Manulife Financial have agreed to
co-chair the council. The council will receive start-up funding from Avana
Capital Corporation, support from the Maytree Foundation and the Career Bridge
program of Career Edge, an organization that provides internships and corporate
work experience for youth. "The goal of the Immigration Council," said Ratna
Omnidvar, Executive Director of the Maytree Foundation, "is to make Toronto a
centre of excellence in the world for integrating immigrants into its

Media Contact
Dorenda McNeil
Advanced Planning/MS&L
416-967-3702, ext. 213



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