Slide 1: Toronto Financial Services Cluster
By: Alfredo Master Click to editNavarro subtitle style
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Slide 2: What is a Cluster?
A
cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. are considered to increase the productivity with which companies can compete, nationally and globally. are also catalysts for Innovation
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Clusters
Clusters
Slide 3: GTA Financial Services Cluster
Headquarters
of Canada’s 5 largest
banks.
Houses Houses
80% of the headquarters of foreign banks. 1,700 financial services firms from strong partnerships with UofT and York University largest concentration of financial
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Benefits Third
Slide 4: GTA Financial Services Cluster SWOT
Strengths
Large
available, skilled labour pool
Existing Central
critical mass of financial services institutions, including the TSE location of the financial services sector makes it the most accessible area within the GTA
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Slide 5: GTA Financial Services Cluster SWOT
Weaknesses
Lack High
of National-level regulation real estate costs with existing industries
Opportunities
Working Increasing
awareness of Toronto’s financial services
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Threats
Slide 6: Competition
London Hong
and New York are tied for #1 financial services cluster in the world Kong is ranked #3 is ranked #12
Toronto
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Slide 7: City of London
Population Employs 85%
of approx. 7,620,000
approx. 4,282,000 approx. are graduates
of which work in services 500 banks in Square Mile
1,517,000 Over 19%
of sales from financial services come from abroad markets
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Slide 8: New York Cluster
Command Home Sector Sector
Centre for world economy
of the New York Stock Exchange employs 344,700 workers
accounts for 35% of the city’s income Reserve Bank of New York in Manhattan's financial district has been where monetary policy in the United
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Federal
Slide 9: Hong Kong Cluster
Houses 70
198 banking institutions
out of 100 of the world’s biggest banks have a presence in Hong Kong Kong’s stock market is the seventh largest in the world, and the by the Hong Kong Monetary Authority
Hong
Regulated Total
Employment in the sector is nearly
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Slide 10: News in the GTA Cluster
Ontario
Budget embraces plans to grow Toronto as Financial Services Hub Financial Services Industry makes landmark $1.725 million charitable donation to C.D. Howe Institute
Canada’s
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