Monday, March 06, 2017

History of Toronto, and mining, and power

The Guardian's "Cities" series runs a thoughtful, historically informed essay on the role of the mining industry in underpinning Toronto and its financial sector -- and vice versa.
Unbeknown to most of its residents, Toronto is a city built on mining. Nearly 75% of mining companies globally are headquartered in Canada and almost 60% are listed on the Toronto Stock Exchange (TSX). In 2015, more than half of all capital investment in the mining business travelled through the exchange.

In fact, few – if any – other capital markets around the world are as specialised in a single industry as Toronto is in mining. 
Written by my former researcher Niko Block, too.
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