2013 Reports & Studies

How does Toronto’s financial sector compare with its global peers? What are its strengths? What issues need attention?

We work to build a consensus among our partners on how to strengthen Toronto’s financial services sector, and it all begins with sharing information, insights and expertise.


Integrated Ecosystems: Toronto's Complete Business Performance System

Financial service providers are today faced with a highly volatile business climate. Perhaps at no other time than the present have banks and investment services faced more challenges. These challenges include increased regulation, improving business performance while reducing costs, and managing big data. The good news is advances in technology have made these challenges more manageable. Emerging technologies have introduced flexible, scalable IT solutions that can help financial institutions improve end-user experience, boost productivity, and integrate software/hardware applications.
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Ensuring the Future: Understanding the Importance of Toronto's Financial Services Sector

Ensuring the Future: Understanding the Importance of Toronto's Financial Services Sector, discusses the size and importance of Toronto's financial sector, both to the metro area's economy and Canada's as a whole. It includes an assessment of the economic impact of Toronto's financial services sector, and how it compares to other major sectors in the region.
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Digital Platforms

In a global market that is being overrun by web-based mobile devices, consumers demand seamless integration of their financial services across all platforms. Leveraging digital platforms to provide in-branch experience via digital devices represents a strategic advantage for financial institutions looking to stay ahead of the customer satisfaction curve.
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Mobile Applications - Toronto's Gateway to Global Markets

In a matter of a few short years mobile technology has moved from a tool of communication to a full suite of mobile banking, shopping, payment, remote diagnostics, social networking, and open source development, which has added billions of dollars to the Canadian economy and created new opportunities for professionals in both ICT and non-ICT occupations. Toronto is ranked 8th among the world's top startup ecosystems, ahead of Chicago, Paris, and Melbourne. On the performance index, however, Toronto's startup ecosystem ranks 3rd-ahead of New York and London. Because so much of the mobile app economy is situated in startups and small enterprises, this indicator is a strong reflection of Toronto's position as an emerging-tech incubator.
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Human Capital Index 2013

Canada ranks 10th on the new Human Capital Index from The World Economic Forum. Developed in collaboration with Mercer, it shows which of 122 countries are setting the standard for workforces that are best positioned to contribute to economic success. The Index takes into consideration 51 factors in four categories: education, health and wellness, workforce and experiences, and critical enablers such countries' infrastructure and legal environments.
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Cloud Computing: Toronto's Opportunity Enabler

The cloud is the opportunity enabler that can reshape the Toronto region's financial ICT ecosystem. Today, we are on the cusp of the cloud revolution, with 15% of global IT budgets already tied to public clouds. Tomorrow, cloud-enabled services will become the dominant paradigm directing and influencing global IT. Toronto is the epicentre of Canada's growing cloud industry and a hotbed for innovative solutions that can drive the financial service industry's adoption of cloud and hybrid IT.
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Doing Business 2013

The World Bank's most recent 'Doing Business' report ranks economies for ease of doing business. Canada ranks 3rd out of the best countries to start a business.
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Global Financial Centres Index Sept 2014

The Global Financial Centres Index is a ranking of the competitiveness of financial centres based on over 26,000 financial centre assessments from an online questionnaire together with over 80 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD) and the Economist Intelligence Unit. Toronto remains one of only 11 financial centres judged by GFCI to be a "global leader," owing to the breadth and depth of its financial services industry.
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Strategic Big Data: Why More Data is Better

Toronto's financial ecosystem is powered by one of the world's most vibrant ICT hubs. The synergy between the region's financial service providers and ICT industry make it an ideal place to begin leveraging big data to obtain competitive advantage. As Toronto's financial institutions continue to expand their IT capabilities, big data solutions will be what separate the leaders from the followers. Financial institutions that develop big data capabilities will be better suited to leverage the range of social and mobile media tools needed to deliver the services customers want.
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Global Liveability Ranking and Report August 2013

Toronto ranks fourth in this years liveability survey. The ratings work by assessing which locations around the world provide the best or the worst living conditions. The Economist Intelligence Unit's liveability rating quantifies the challenges that might be presented to an individual's lifestyle in an given location, and allows for direct comparison between locations.
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American Cities of the Future 2013/14

FDI Intelligence, a division of Financial Times of London, is one of the most influential publications on Foreign Direct Investment. Toronto ranked 3rd overall in American Cities of the Future, 2nd overall in North American Cities, 2nd for Business Friendliness, 2nd for FDI Strategy, 4th in Economic Potential and 6th in Infrastructure. Please see attached report.
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The Global Opportunity Index

Canada ranks 4th on the March 2013 edition of the Global Opportunity Index. This Index is designed to assist companies and countries in making informed decisions about foreign direct investment. It is unique for not only examining core economic variables, but also highlighting policies that have been empirically shown to support and often propel foreign investment. It provides a baseline for countries seeking to improve their business climates in the interests of stronger growth and higher living standards.
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Jul 4, 2018
New report introduces innovative framework to grow Canada’s cyber talent supply

May 3, 2018
Announcement of Ontario FinTech Accelerator Office led by TFSA

May 1, 2018
Major Tech Conference Collision Moves to Toronto in 2019



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