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November 18, 2004
Toronto promoted in Milan as gateway to North American market
Milan, Italy - Mayor David Miller led a business delegation through Milan today
to increase awareness of Toronto's competitive advantages in the North American

Milan and Toronto have much in common. Many international banks and Italy's
principal stock exchange are in Milan. It is also home to the most
distinguished scientific district in Italy.

"Our city is ranked by KPMG as the most competitive of 30 large industrial
cities, ahead of New York, London and Frankfurt," Mayor Miller said. "Toronto
region's five million citizens are ethnically diverse, multi-lingualĀ¾speaking
over 100 languages, highly skilled and well-educated."

The Mayor added, "We have a state-of-the-art communications and information
technology infrastructure, and North America' highest concentration of fibre
optics. It is 36 percent less costly to establish and operate a business in
Toronto than in the eight other largest urban areas in North America."

Toronto has more than 150 million customers within a one-day drive. The
recently expanded Lester B. Pearson International Airport handles 29 million
passengers annually and will have a capacity for 50 million by 2007. Union
Station in downtown Toronto is a hub for North America's transcontinental rail
system and Toronto's highway network connects to major markets in Canada and
the United States.

Media contacts:
Monica Kucharski, Economic Development, Culture and Tourism Department,
Andrea Addario, Office of Mayor Miller, 416-338-7119
Economic Development, Culture and Tourism media hotline:



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