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The Calgary skyline.


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.

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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.

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