Montreal’s finance sector has been ranked one of the top in the continent, outranking San Francisco, Vancouver, Washington, and Calgary.
According to a new report from the Conference Board of Canada, Montreal’s finance workforce is good for the 6th best in North America and 15th best globally.
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The sector includes people who work at banks, insurance, asset management, and the stock exchange, among other fields.
From a national standpoint, Canada has the second-largest amount of venture capital
investments of all OECD member countries (Organisation for Economic Co-operation and Development), at US$3.33 billion in 2019, ranking only behind the United States.
The report says Canada’s finance and insurance services exports have experienced the
“second-largest growth among service exports” over the past 10 years, growing over
Canadian direct investment abroad in the finance, insurance, and management sector reached $692 billion in 2019 — accounting for 50 percent of Canada’s total FDI from overseas.
Our pals in Toronto ranked as the eighth-largest financial centre globally, placing higher than Shanghai and Frankfurt.