2. approximately 200,000 people within this area

work in the finance cluster alone
This city has been recognized as “Canada’s

national centre for financial services”
The fix largest banks in Canada have their

headquarters located in Toronto as well as
approximately 80% of foreign banks
headquarters operating in Canada
http://www.toronto.ca/invest-in-toronto/pdf/finance.pdf
http://www.toronto.ca/business_publications/finance_review.htm

3. Royal Bank of Canada

 Toronto-Dominion Canada Trust
 The Bank of Nova Scotia
 Bank of Montreal
 Canadian Imperial Bank of Commerce
 National Bank of Canada

4. Banks

 Credit agencies
 Security dealers
 Insurance

6. In 2004 employment in the financial services

alone was 515,000 workers, which is
approximately 7.3% of the total private sector
employment within New York.
New York’s financial cluster has hundreds of

banking companies much unlike the Toronto
financial cluster only having about 6 major
players.
With so many different banking companies the

city must be sure to regulate the financial
services cluster to prevent any corrupt and or
unethical behavior from occurring.

7. Banking and Credit Intermediation

 SecuritiesDealing and Brokerage
 Insurance
 Trusts and Other Financial Vehicles

8. The financial services industry workforce

in Chicago consists of 167,000
employees, second only to New York
City.
 there are a total of 10 institutions within
the surrounding Chicago area alone.