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Access to Capital

Toronto is the business hub of Canada, representing 20% of the country's GDP and providing investors and companies superior access to capital.

Businesses choosing to locate in Toronto benefit from relative ease of access to capital compared to global competitors. This access allows businesses in Toronto to invest in new technology and talent, and to finance operating costs as needed.

In 2014, the Ontario Government announced a new $100 million venture capital fund, the “Northleaf Venture Catalyst Fund,” building on the already successful Ontario Venture Capital Fund.

Having topped the Milken Institute's Capital Access Index (CAI) consecutive times in the past, Toronto is positioned to connect investors with their next big opportunity. The CAI scores the ability of entrepreneurs in 122 countries to gain access to financial capital. It not only measures "the breadth, depth and vitality of capital markets, but also openness in providing access without discrimination."

The CAI cites Canada's stable housing markets and healthy banking system as the main reasons for superior access to capital. For a complete summary of Canada's results on the Capital Access Index click here..

The City of Toronto:

  • Issued $600 million in the public capital market, including $300 million 30-year debentures & $300 million in 10-year debentures
  • 2013 a debt issuance of $900 million was approved
  • Ranked AA (stable) by Standard and Poor's
  • Ranked Aa1 (stable – equivalent to AA+)

Source: Financial Condition and Performance – City of Toronto 2014

In addition to private sector (Chartered Banks and venture capital) investments, the federal and provincial governments have established a wide range of programs that offer financing, grants and loans to businesses in Toronto. These programs support both small and medium-sized enterprises, as well as large multinational corporations at all levels of development.

Rank Bank, City or Country
1 Qatar National Bank (Qatar)
2 Oversea-Chinese Banking (Singapore)
3 Canadian Imperial Bank of Commerce (Canada, head office in Toronto)
4 Royal Bank of Canada (Canada, head office in Toronto)
5 DBS Group Holdings (Singapore)
6 United Overseas Bank (Singapore)
7 Bank of Nova Scotia (Canada, head office in Toronto)
8 Toronto-Dominion Bank (Canada, head office in Toronto)
9 Citigroup (U.S.)
10 Hang Seng Bank (Hong Kong)

Source: Bloomberg World's Strongest Banks 2013

report
Capital Access Index: Best Markets for Access to Business Capital
An annual ranking of entrepreneurial access to capital around the world.
Year: 2009
Categories: Access to Capital
report
Financial Solutions for Buyers of Canadian Products
Export Development Canada provides direct buyer loans, lines of credit, loan syndication and leasing to Canadian companies exporting products globally
Year: 2010
Categories: Access to Capital, Trade
report
Toronto Stock Exchange and TSX Venture Exchange: A Capital Opportunity
High-level presentation from the TMX Group. The TMX Group is the parent company of the Toronto Stock Exchange (TSX) and TSX Venture Exchange.
Year: 2010
Categories: Access to Capital, Finance
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