Bay Street Tops Wall Street in Banking Job Growth
- Canada’s financial hub boosts employment by 25% over decade
- Chicago, New York, San Francisco show finance jobs decline
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It’s a tale of Toronto’s gain versus New York’s pain.
Employment in Toronto’s financial-services sector has surged over 10 years while major U.S. banking centers saw jobs disappear due to the lingering impact of the financial crisis, according to a Conference Board of Canada report. Toronto’s employment rose 25 percent, adding 54,580 positions between 2006 and 2016, according to the report. By contrast, New York had a 3.5 percent decline in finance jobs, while Chicago fell nearly 11 percent.