City of Toronto  

Living in TorontoDoing businessVisiting TorontoAccessing City Hall
 
All news releases
Last 30 days
By month
Search
   
Newsroom
   
Archived news release by year
  2013
  2012 - 2011 - 2010
  2009 - 2008 - 2007
  2006 - 2005 - 2004
  2003 - 2002 - 2001
  2000 - 1999 - 1998
   
RSS identifier linked to feed RSS
   
   
 
November 17, 2004
Toronto delegation visits European Central Bank
  
Frankfurt, Germany - Earlier today, a delegation comprised of Deputy Mayor Joe
Pantalone and Toronto business people visited the European Central Bank (ECB).
The ECB's main task is to maintain purchasing power and price stability in the
12 European Union countries that first introduced the Euro in 1999.

Deputy Mayor Pantalone said, "Toronto is corporate headquarters for 80 per cent
of all foreign banks doing business in Canada. Financial services in our city
employs more than 200,000 people and is one of the city's fastest growing
sectors.

"We are here to learn from the ECB experience and bring back ideas for the role
and involvement of Canadian banks in the life of Toronto."

Canadian banks are leaders in the development of financial information
technology and electronic banking. More than $3.7 billion was invested in 2002
alone.

Toronto is the fourth largest financial services centre in North America. The
city's state of the art communications and information technology
infrastructure has the highest concentration of fibre optics in North America.
Toronto also leads the world in debit card and automated bank networks.

The Toronto Financial Services Alliance, a private-public partnership, includes
representatives from banking, insurance and investment enterprises who work
together to promote the competitiveness of the financial services sector.


Media contacts:
Monica Kucharski, Economic Development, Culture and Tourism Department,
416-397-5305
Economic Development, Culture and Tourism Media Hotline:
416-560-8726



 

 

Toronto maps | Get involved | Toronto links
© City of Toronto 1998-2019