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October 11, 2012
Studies rank Toronto one of world's top financial centres
This year, two international studies by prominent professional financial services firms - PricewaterhouseCoopers (PwC) and KPMG - have ranked Toronto as one of the top three cities in the world for finance and commerce.

"These studies show many of the ways Toronto has developed into a global financial centre," said Mayor Rob Ford. "We are one of the world's most desirable places to do business. We are competitive at the highest level."

Yesterday, PwC's fifth annual "Cities of Opportunity" report placed Toronto third (behind New York City and London) in its comprehensive global study of 27 centres of finance, commerce and culture. Toronto's second-place ranking in four of the study's indicators is unique. No other city has finished as highly so consistently this year.

Toronto also ranked in the top five in six out of the 10 indicators and about a third of the 60 variables measured in the study. More information about this study is available at

In March, KPMG's 2012 "Comparative Alternative Study" found that Toronto offers one of the world's most cost-effective business and investment climates for cities with a metropolitan population of at least two million people. Toronto ranked second among 44 cities in this category, up from sixth place in 2010. KPMG's annual study compares business cost and other competitiveness factors in more than 110 cities in 14 countries. For more information about this study, visit

Toronto consistently ranks well in international studies. More information about Toronto's rankings is available at

Further details about Toronto’s international competitiveness are available at

Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.7 million people. Toronto's government is dedicated to delivering customer service excellence, creating a transparent and accountable government, reducing the size and cost of government and building a transportation city. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can dial 311, 24 hours a day, 7 days a week.

Media Contact
Shane Gerard
Senior Communications Coordinator



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