Toronto is the 8th most influential financial centre and second-highest ranking North American city according to the Global Financial Centres Index. GFCI researches 94 financial centres of which 84 appear in the rankings. Five broad areas of competitiveness are used to determine a city’s ranking; business environment, financial sector development, infrastructure, human capital and reputation.

Ranking City
1 London, England
2 New York, USA
3 Hong Kong
4 Singapore
5 Tokyo, Japan
6 Seoul, South Korea
7 Zurich, Switzerland
8 Toronto, Canada
9 San Francisco, USA
10 Washington DC, USA