The financial crisis hit the global banking hubs of New York and London hard, emboldening other financial centres that are gunning to become world leaders, reports Entrepreneur. The magazine named Toronto, traditionally focused more on Canada, among the top emerging global financial centres.
"According to the Toronto Financial Services Alliance, it's the third largest North American financial services center after New York and Chicago, based on direct employment, and the fastest growing. It's also the hub for Canada's banks, securities firms, insurers and mutual funds."
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