International investors hope to see business-savvy mayor in Toronto, observers say

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TORONTO — As Toronto looks to elect a new mayor in the coming months, observers say international investors are looking for another business\u002Dsavvy leader like…

“Your average investor is scratching their head saying, ‘I wonder if we will see a strong mayor that continues playing out in a pro-business way,”‘ said James, who is a Canadian expat.

“If the next mayor’s someone who might be considered unfriendly to businesses, that could potentially have an economic impact on American investment in Toronto,” Speel said. “There’s probably trade trips or meetings that are already scheduled, that are on the book that will take place,” said Zac Spicer, an associate professor with York University’s public policy and administration department.

Investors and Toronto residents alike may also want a mayor “similar to Tory” because the city is still overcoming some of the economic hardship caused by the COVID-19 pandemic, James said.Article content Another factor on the city’s side for keeping a good reputation on the international stage could be how quickly Tory announced plans to resign after news of his affair broke.

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