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

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As Toronto looks to elect a new mayor in the coming months, observers say international investors are looking for another business-savvy leader like John Tory to take the helm.

, capping off a turbulent week at Toronto City Hall that started Feb. 10 when he announced his resignation after admitting he had an "inappropriate relationship" with a former staffer.

Tory, 68, is a member of Toronto's business and political elite, and honed that reputation over the course of his business and broadcasting careers before entering politics as a straitlaced moderate conservative. He sits on the advisory committee of the Rogers family trust, which controls Rogers Communications Inc.

"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. 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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SAVVY, is the magic word for CROOK. Keep crooked investors/mayors away. Every time I turn the dial to CP24 I find something about John Tory. ARE YOU GUYS PROUD OF WHAT HE DID? I have news for you, he himself is not proud of what he did that's why he resigned, shame on you.

We need mayors that dont allow foreign investors in real estate

International investors should stay out of our business.

They last one was not business savvy, we need an American to run toronto, the folks we have ain't going to cut it. Truth hurts deal with it.

Bring in Trump!

Locals hope to see savvy mayor who puts the city and its people first. Last thing we need is for other countries to manipulate how the city is run.

Chris sky for mayor!!! chrissaccoccia1

We don't want no Leftist mayor

Invest in Kitchener(Waterloo Region)🇨🇦

Donald Trump?

Torontonians hope so too as the city is running an illegal debt

Hopefully a smarter mayor and will get rid of the bike lanes

i'm sure they do 🙄

Hire Ford, if he's so worried. His brother screwed up, your turn Ford.

Don’t vote for Gil then and his 15min WEF cities.

Maybe someone focused on running the city, and not running around forcing vaccination.

Who would have thought they wouldn't want a woke virtue signalling ignoramous? 😆😆😆

Yup they want a city that can make them a buck! Who cares about the citizens!!

What? They don’t want a leftist champion of bike lanes, diversity and LGBTQ / indigenous equity?😜

Good luck in that happening in this city!

We had 'business-savvy' mayors with Rob Ford and John Tory. Not a good outcome.

Agree. A mayor less focused on bike lanes and more focused on business would be best.

Business-Savvy? So someone who’s ok with profits off the backs of workers and the poor?

Best thing for investors would be a Toronto that works, with good public services, good transit, safety affordable housing, equity - that's a city that would draw talent and grow

We will probably end up with a socialist that drives this city further down the hill.

Duncan McCockiner would be a good choice .

oh to bad international investors won’t have access to canada anymore . we don’t need money anymore. we just need our own constituencies and that doesn’t include any other religious cultural or national influence here right? do we actually need spies!

As an international man Mr World Wide I expect the new mayor to let me buy property without stepping foot in Canada

Who gives a fuck what international investors want? How about electing a mayor that is good for the residents of Toronto.

Stay away from left wing extremistism TORONTO....

The WEF will name a replacement shortly .

The new mayor will be some woke assclown that will destroy Toronto further.

Citizens hope to see less violent crime

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