Calgary’s financial sector ranks 10th in North America for total employment

Calgary’s financial sector has been ranked among the best in North America, just behind Vancouver and San Francisco.

According to a new report from the Conference Board of CanadaCalgary’s finance workforce is the 10th best on the continent and 20th best in the world.

Toronto ranked as the only Canadian city in the report’s top 10 global financial sectors, ranking eighth, overtaking Shanghai and Frankfurt.

Vancouver and Montreal were also mentioned in the report, listed as the eighth and sixth best financial sectors in North America, respectively. Toronto was almost at the top of the list, coming in second behind New York.

The Conference Board of Canada

The financial sector includes those who work in banking, stock exchange, asset management, and insurance, among other fields.

Nationally, Canada ranks second in venture capital investment among all OECD (Organization for Economic Co-operation and Development) member countries. In 2019, venture capital investments from Canada totaled US$3.33 billion, second only to the United States.

According to the report, Canadian exports of financial and insurance services have increased over the
$6.3 billion over the past 10 years, experiencing the “second highest growth among services exports”.

finance toronto

The Conference Board of Canada

Canadian direct investment in the finance, insurance and management sectors abroad reached $692 billion in 2019, representing 50% of Canada’s total foreign direct investment.

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