Might surprise you.
Bloomberg News reports that employment in Toronto’s financial-services sector has surged over 10 years while major U.S. banking centers saw jobs disappear due to the lingering impact of the financial crisis, according to a Conference Board of Canada report.
Toronto’s employment rose 25 percent, adding 54,580 positions between 2006 and 2016, according to the report. By contrast, New York had a 3.5 percent decline in finance jobs, while Chicago fell nearly 11 percent.
Toronto is second only to New York in terms of financial-services employment for North America, and the Canadian city ranks sixth worldwide on that measure behind Beijing, London, Shanghai and Tokyo, according to the report from the Ottawa-based think tank.
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