By Elli Davis, April 6, 2010
Financial District Toronto by Reto Fetz
Few days ago, the Toronto Board of Trade released its second annual study called 'Toronto as a Global City: Scorecard on Prosperity 2010'. Its aim is to “measure Toronto’s strengths and weaknesses as a major urban center competing in the global economy.”
The overall results were not bad. Toronto has improved its livability from last year, the report claims. In labor attractiveness it ranked the second, only Barcelona was better. However, the economic performance of Toronto was not that great, really – it ended in the 11th place, out of 24 cities. As a matter of fact, the center of Toronto dealt with the recession relatively better than the surrounding municipalities.
It seems like commuting is the biggest problem of Toronto. About 70 percent of Torontians drive to work and getting to and out there, averagely takes about 80 minutes. That is more than in Los Angeles or New York. Well, I think the communing in our city is very troubling, and thus the negative result was not unexpected. The question is when is it going to finally change.