2015 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.
Opening up New Trade Routes for Financial Services: Canada's Priorities
Canada should focus on five priority trade deals to open markets and benefit its financial services sector, according to a new report by the C.D. Howe Institute. In "Opening up New Trade Routes for Financial Services: Canada's Priorities," authors Daniel Schwanen, Dan Ciuriak and Jeremy Kronick provide, for the first time, a ranking system to assess the best potential markets for Canadian financial services firms to either deliver services directly across borders or deliver them by investing and operating in those markets.
Canada Islamic Finance Outlook 2016
Islamic finance is growing rapidly, outpacing the growth of the conventional finance industry and even grabbing market share from it. This success has been driven in part by the internationalisation of Islamic finance as it reaches beyond its core markets of the Middle East, North Africa and Southeast Asia, and into new ones such as Europe and the Americas, including Canada, which is the focus of this report.
An Engine for Growth: 2015 Report Card on Canada and Toronto’s Financial Services Sector
Financial services are a critical component of the Canadian economy. The sector directly accounted for 4.4 per cent of Canadian employment in 2014, at 780,000 jobs, and 6.8 per cent of Canadian GDP. This report discusses the performance of Canada's financial services sector versus its peers in other countries and versus other sectors within Canada.
Current State of the Financial Technology Innovation Ecosystem in the Toronto Region
This reports maps the key dimensions of the Fintech ecosystem in the greater Toronto region, including the digital corridor that stretches from the western end of the GTA to Kitchener-Waterloo. In doing so, it provides answers to the key question posed in the report: what are the defining characteristics or unique capabilities of the innovation ecosystem that supports the financial services cluster in the Toronto region? It identifies the critical links between the key domains that define the Toronto financial services cluster, particularly the linkages between ICT and financial firms in the Toronto region.
Global Financial Centres Index 18 Sept 2015
The GFCI provides profiles, ratings and rankings for financial centres, drawing on two separate sources of data - instrumental factors and responses to an online survey. Toronto ranks 8th globally and 2nd in North America.
Data Scientist Talent for Toronto's Financial Services Sector
Employers in financial services are seeking individuals with the talent to analyze data in new and sophisticated ways. These individuals are often thought of as the next generation of "business analyst" or "data analyst" and they typically blend capabilities rooted in computer science, statistics and modeling, math, and a substantive domain such as a social or natural science. This report outlines the knowledge, skills, and abilities required, suggests where financial services employers might be able to find such talent and explores the challenges of retaining these individuals given the highly competitive market for this talent group.
Talent Opportunities in Insurance: Strengthening the Insurance Sector Workforce
Toronto-area employers in the insurance industry are encountering shortfalls of experienced talent in four key occupations: actuary, underwriter, claims adjuster/adjudicator, and data scientist/analyst. This report presents research-based findings and recommendations for closing the experienced talent gaps by exploring alternative sources for experienced talent. A sizeable list of "equivalent" occupations has been identified, along with recommended solutions to help close the experienced talent gaps. By looking at "equivalencies" across sectors, the resulting more holistic view of talent available in labour markets will make future workforce strategies more effective.
Financial Services Ecosystem in the Toronto Region: A Comprehensive View of the Structure of the Workforce
The Centre of Excellence in Financial Services Education (CoE) launched the first-ever workforce size and mobility survey across financial institutions in the Toronto region. One report emanating from this research is The Financial Services Workforce Ecosystem in the Toronto Region. This report presents the business clusters of the ecosystem in great detail.
Comparative Regulatory Environments: A Comparison of Financial Services Regulation in Eight Jurisdictions
This report, commissioned by the Toronto Financial Services Alliance (TFSA), provides a high level comparison of the regulatory environment that impacts the financial services
industry in some of the main jurisdictions. This report ranks Canada and Singapore as the top regulatory jurisdictions for financial services.
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