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Mississauga City Council Expresses Concern: Toronto Board of Trade Renaming

Apr 24, 2013

Today, City Council passed a resolution related to the recent name change of the Toronto Board of Trade to the Toronto Region Board of Trade in the interest of ensuring GTA Boards and Chambers of Commerce are fairly represented.

"What we are looking for is a co-operative approach," said Mississauga Mayor Hazel McCallion. "This change affects local boards of trade and was made without consultation at a time when we need to work together - not in competition. It presents issues for other boards of trade in the GTA, divides the business community and prevents local boards from effectively representing their communities. When we work together, we can achieve positive results that benefit all communities."

The GTA chamber network has, for several years been developing stronger cooperation and collaboration on regional issues of shared interest, including transportation, where there is an ongoing GTA Caucus on Transportation under the Ontario Chamber of Commerce.

"The Mississauga Board of Trade (MBOT) has a long established history of effectively serving and representing its business community," said Sheldon Leiba, MBOT president and CEO. "This name change coming from the Toronto Board of Trade is unproductive and disappointing - especially when we are working on important region-wide issues such as transportation. We appreciate the support of Mississauga City Council on this matter and will continue to represent the views of our local business community."

As Canada's sixth largest city, Mississauga is home to 741,000 residents and more than 54,000 businesses, including more than 60 Fortune 500 companies with Canadian head offices or major divisional head offices. A diverse, progressive and award-winning municipality located on the shores of Lake Ontario in the heart of the Greater Toronto Area, Mississauga is "Leading Today for Tomorrow" by focussing on delivering services, implementing its Strategic Plan, delivering value for money and maintaining infrastructure.

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Media Contact:
Catherine Monast
Senior Communications Advisor, Transportation & Works
Phone: 905-615-3200 x5046
TTY:    905-896-5151