In this edition of the index, Toronto surpassed cities like Zurich, Boston, and Washington D.C. to land in the number seven spot.

The study looks at job availability, competition between businesses, infrastructure, human capital, reputation, and other factors in determining where city ranks.

Toronto’s attractiveness as a global financial capital may help bolster attempts to win Amazon’s bid for a new city to call home.

Other Canadian cities on the Index include Montreal (#12), Vancouver (#17), and Calgary (#71).

Toronto ranked one of the top financial centers in the World this year.

Toronto ranked one of the top financial centers in the World this year.

Top 10 Financial Centers:

  1. London, U.K.
  2. New York, NY
  3. Hong Kong
  4. Singapore
  5. Tokyo, Japan
  6. Shanghai, China,
  7. Toronto, ON
  8. Sydney, Australia,
  9. Zurich, Switzerland
  10. Beijing, China