Calgary’s #28! (on a list of global financial centres)
It's the first time the city has been considered for index
by Michael Ganley
n our February issue, we told the story of Calgary’s rise as a centre for global finance. Well, now there is some more hard evidence. For the first time, Calgary was considered for a well-established index measuring the relative competitiveness of global financial centres, Z/Yen Group’s Global Financial Centre Index (GFCI). Calgary debuted in the number 28 position (out of 77), wedged between Taipei and Dubai. (Last on the list? Athens, preceded by Reykjavik.)
The GFCI draws on two sources of data, instrumental factors (external indices) and responses to an online survey. The GFCI was first published in March 2007 and is updated every six months.
Toronto is the top Canadian city (number 10 overall), with Vancouver sitting at 17 and Montreal at 18.