Local Economy and Toronto

Toronto: From the boom in condo construction to the demise of local manufacturing, the biggest factors influencing Torontos economy are all beyond city halls control, according to The Star. Similarly, a report by that ranked Toronto the most tax competitive major international city in the world credited policies determined by federal and provincial governments, not local politicians and Theres a limit to how much the mayor of Toronto can do to boost the local economy and create jobs for city residents, economists say. That includes interest rates, the value of the Canadian dollar and the state of the global economy, says Jane McIntyre, an economist with the Conference Board of Canada. (www.immigrantscanada.com). As reported in the news.