Calgary Economic Development - Financial Services Overview

Calgary is North America's fastest growing economic region - providing many opportunities for business and financial services to the Calgary Region.

Calgary's finance and business industry is experiencing huge growth with 15,200 new jobs created over the past ten years (2000-2009), an increase of 45.5%.

Financial and Business Sector

Fast Facts

Indicator	Year	Number	Share of Total Industries
GDP*	2008	$15,460 Million	22.1%
Employment*	2009	48,600	6.5%
Business Establishments	2009	3,945	7.3%
*Please note that these indicators are based on the City of Calgary's interpretation, which classifies Finance and Business within the broader Finance, Insurance, Real Estate and Leasing NAICS. Source: City of Calgary, "Calgary's Economic Outlook: 2009-2019, Q2 09"; Statistics Canada

Financial Services Sector Profile

Calgary's Business and Financial Services Companies

Financial Sector Advisory Committee

One of the goals of the 10-year Calgary Economic Development Strategy (approved by Calgary City Council
January in 2008) is to position Calgary as a global financial centre. To help reach this goal, Calgary Economic
Development created the Financial Sector Advisory Committee (FSAC). The FSAC was created because more
work can be done to focus efforts to diversify Calgary's capital market base and attract global firms to Calgary
for more than just energy transactions. This, in turn, will assist in leveraging the critical mass and sophistication
of the capital markets in Calgary to help grow the sector.

The Committee is made up of key financial executives and economic development experts in Calgary who
together will work to: target gaps and challenges facing the industry; address opportunities and constraints of
the industry in the long run; raise awareness to the public, industry and government about this growing sector
and the role Calgary can play; and promote Calgary's financial sector domestically and globally.