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G20 boosts Toronto businesses

06-28-2010 10:58 BJT Special Report: Hu Visits Canada, Attends G20 Summit |

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Tight security measures for the G-20 summit have affected people's daily lives in Toronto. But the G-20 has also brought benefits to the country's economy, and the city's businesses.

Police cars and traffic obstacles are frequently sights in downtown Toronto in past week. The city is much quieter than usual, even in Chinatown, where it's usually busy and crowded.

The owner of a Chinese restaurant, Toronto said "Since last Friday when police put security in the city, my business become much quieter than usual. Normally Fridays and Saturdays are busy days. But this week, people and cars can hardly be seen in the street."

Concerned about security and traffic, many banks and shops have been closed since last week. Even tour groups have re-arranged their itineraries to avoid the downtown area.

But the G-20 summit has also brought opportunities for business. While visiting Canada, trade leaders will take the chance to discuss bilateral cooperation. The summit also brings a windfall of revenue to the city's tourism outlets. Hotels are almost fully booked, and the cost of accommodation has sky-rocketed.

Despite a temporary inconvenience for local residents, the G-20 summit brings both immediate and future benefits to the host city. It is a unique chance for a city to come into the world's spotlight.

Editor:Xiong Qu |Source:

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