Skip to main content

The Calgary skyline.

Chris Bolin/CHRIS BOLIN / FOR THE GLOBE AND

Calgary is making a named for itself as a global financial hub, making its way onto the list of the world's most competitive financial centres compiled by Z/Yen Group.

Coming in at 28th, Calgary falls behind Toronto, Montreal and Vancouver, but the big news is that it made the cut for the first time. Its ranking also means that four Canadian cities are now in the top 30 globally.

Calgary was also named in the list of centres where the most number of new offices are expected to open, among the likes of Shanghai, Dubai and Singapore. Calgary has clearly been boosted by the rising importance of Canada's oil sands and the economic development stemming from it.

Story continues below advertisement

Toronto was the highest-ranked Canadian city, landing at number 10, just ahead of Boston and just below Seoul. London, New York and Hong Kong were the top three. Vancouver ranked 17th, and Montreal was 18th.

Toronto was also named as one of the centres that is likely to become more significant.

Report an error Editorial code of conduct Licensing Options
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.