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  1. The financial services sector is the largest private sector contributor to GDP in Toronto, the second-largest in Ontario, and third-largest in Canada. The financial sector provided more than $267 billion in credit to small and medium-sized enterprises in Canada in 2018. Canada’s five largest banks are investing $850 billion in sustainable ...

  2. The city’s financial services sector continues to grow and has a significant influence on the local economy, Canada’s international footprint, and the success of Canadian businesses. This interactive page profiles the growth and influence of Toronto’s financial services sector, and how the city ranks among major global financial hubs.

    • How does Toronto's financial services sector impact the local economy?1
    • How does Toronto's financial services sector impact the local economy?2
    • How does Toronto's financial services sector impact the local economy?3
    • How does Toronto's financial services sector impact the local economy?4
  3. Strong Economy. Toronto’s success is due in large part to the strength and significant growth of its financial industry. Toronto is the second largest financial centre in North America, which serves as an engine for the economic growth of the city and an anchor for our excellent talent base, enviable quality of life and highly competitive ...

  4. Dec 4, 2018 · Overall, the financial services sector employed 274,525 people directly in Toronto in 2017, according to the report, and it supports an additional 284,659 jobs in areas such as consulting, accounting and legal services across the country. In total, Toronto’s financial services industry supported a total of 559,184 jobs in 2017, the report says.

  5. The impact of Toronto’s financial sector is an interactive page that showcases the growth and influence of Toronto’s financial services sector and how the city ranks among major global ...

  6. Toronto now has the second-largest financial centre in North America and the seventh-largest globally in employment. According to the Conference Board of Canada — a think tank analyzing economic trends — the city’s financial services sector continues to grow and significantly impacts the local economy, as well as the country’s international footprint.

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  8. anticipated strong recovery is the local strength of office sector employment, particularly professional and financial services. Toronto’s economy has demonstrated its resilience to external economic impacts throughout the past two decades. As explained in the Bulletin’s special topic “Toronto Employment Survey Retrospective”, past ...

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