Investment Update – March 2008
Investing in education and innovation in financial services
Toronto Receives $4 Million Boost for Skills and Technology
TORONTO - To help the Toronto Region attract and develop the best and brightest financial sector talent to compete globally, the Ontario government will help establish the Centre of Excellence for Education in Financial Services and provide it with $4 million over three years.
The Centre will be the first of its kind in Canada. It will promote innovation and technology, attract more international students to Toronto, and facilitate export of Ontario financial educational services. It will work to maintain the breadth and quality of the intellectual and entrepreneurial capacity that drive economic success and competitiveness in this key sector.
"Financial services and professional business services are major drivers of Ontario's knowledge economy. Financial services underline the point that this province is a great place to invest," said Ontario Finance Minister Dwight Duncan (http://www.fin.gov.on.ca/english/about/min.html). "We believe the Centre of Excellence will help secure our talent advantage and create a global hub for financial services education and training."
"Toronto is home to many innovative financial institutions that are world leaders in their markets," said Janet Ecker, President of the Toronto Financial Services Alliance (http://www.tfsa.ca/). "The Centre of Excellence is an ideal way for us to capitalize on Toronto's competitive advantage and attract even more talented people to work in Canada's most important industry."
Learn more about the Toronto financial services sector www.tfsa.ca
See how Ontario is investing in skills to develop jobs for the future http://ontariobudget.ca/english
Contacts Presse :
Ray Lancashire - Relations Presse
Ministère du Développement Economique et du Commerce
900 Bay Street, 5th Floor, Hearst Block, Toronto, Ontario M7A 2E1
Tel: 00 1 416 326-1608
Fax : 00 1 416 325-6375