GaWC's ranking of Global Cities has several Canadian cities included.
Here was how it broke down:
- Toronto was ranked an Alpha World City (on the same level as cities Frankfurt and Los Angeles).
- Montreal was ranked Beta + (equivalent to Manila or Philadelphia)
- Vancouver was Beta (equivalent to Riyadh or Chennai)
- Calgary was Beta - (equivalent to Detroit or Denver)
- Edmonton and Ottawa were both ranked "High Sufficiency" (equivalent or Wroclaw and Dakar)
- Halifax and Winnipeg were both ranked "Sufficiency" (equivalent to Bern or Cali).
From Wikipedia: http://en.wikipedia.org/wiki/Global_city
Although what constitutes a world city is still subject to debate, standard characteristics of world cities are:
A variety of international financial services, notably in finance, insurance, real estate, banking, accountancy, and marketing
Headquarters of several multinational corporations
The existence of financial headquarters, a stock exchange and major financial institutions
Domination of the trade and economy of a large surrounding area
Major manufacturing centres with port and container facilities
Considerable decision-making power on a daily basis and at a global level
Centres of new ideas and innovation in business, economics, culture and politics
Centres of media and communications for global networks
Dominance of the national region with great international significance
High percentage of residents employed in the services sector and information sector
High-quality educational institutions, including renowned universities, international student attendance and research facilities
Multi-functional infrastructure offering some of the best legal, medical and entertainment facilities in the country