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

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As Toronto looks to elect a new mayor, observers say international investors are hoping a business\u002Dsavvy leader like Tory to take the helm.

Robert Speel, an associate professor of political science in Erie, Pa., who also teaches part time at Toronto Metropolitan University, saidthe international community wants the city’s next mayor to be someone “similar to Tory,” who built up a reputation of being friendly with businesses.

But despite her lack of business ties, observers say investors eyeing Toronto for future opportunities won’t be affected by McKelvie taking over temporarily. 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.

“I don’t know that ever happens anymore, that an elected leader just reveals having had an affair. In the United States, the scandals usually get far worse and usually last for years,” Speel said.

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