As Toronto looks to elect a new mayor in the coming months, observers say international investors are looking for another business-savvy leader like John Tory to take the helm.
Tory's tenure came to an end on Friday, capping off a turbulent week at Toronto City Hall that started Feb. 10 when he announced his resignation after admitting he had an "inappropriate relationship" with a former staffer.
Tory, 68, is a member of Toronto's business and political elite, and honed that reputation over the course of his business and broadcasting careers before entering politics as a straitlaced moderate conservative. He sits on the advisory committee of the Rogers family trust, which controls Rogers Communications Inc.Robert Speel, an associate professor of political science in Erie, Pa.
But despite her lack of business ties, observers say investors eyeing Toronto for future opportunities won't be affected by McKelvie taking over temporarily.
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