Access to Capital
Toronto is the business hub of Canada, representing 20% of the country's GDP and providing investors and companies superior access to capital.
Businesses choosing to locate in Toronto benefit from relative ease of access to capital compared to global competitors. This access allows businesses in Toronto to invest in new technology and talent, and to finance operating costs as needed.
In 2014, the Ontario Government announced a new $100 million venture capital fund, the “Northleaf Venture Catalyst Fund,” building on the already successful Ontario Venture Capital Fund.
Having topped the Milken Institute's Capital Access Index (CAI) consecutive times in the past, Toronto is positioned to connect investors with their next big opportunity. The CAI scores the ability of entrepreneurs in 122 countries to gain access to financial capital. It not only measures "the breadth, depth and vitality of capital markets, but also openness in providing access without discrimination."
The CAI cites Canada's stable housing markets and healthy banking system as the main reasons for superior access to capital. For a complete summary of Canada's results on the Capital Access Index click here.
The City of Toronto issued $600 million in the public capital market, including $300 million in 30-year debentures and $300 million in 10-year debentures. In addition, in 2013, a debt issuance of $900 million was approved for the City. Toronto was ranked AA (stable) by Standard and Poor’s.
Source: Financial Condition and Performance – City of Toronto 2014
In addition to private sector (Chartered Banks and venture capital) investments, the federal and provincial governments have established a wide range of programs that offer financing, grants and loans to businesses in Toronto. These programs support both small and medium-sized enterprises, as well as large multinational corporations at all levels of development.
Canada's Banks Rank in the Top 10 Internationally
||Bank, City or Country
||Qatar National Bank (Qatar)
||Oversea-Chinese Banking (Singapore)
||Canadian Imperial Bank of Commerce (Canada, head office in Toronto)
||Royal Bank of Canada (Canada, head office in Toronto)
||DBS Group Holdings (Singapore)
||United Overseas Bank (Singapore)
||Bank of Nova Scotia (Canada, head office in Toronto)
||Toronto-Dominion Bank (Canada, head office in Toronto)
||Hang Seng Bank (Hong Kong)
Source: Bloomberg World's Strongest Banks 2013
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