2010 G20 Toronto summit in the context of "Global financial system"

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⭐ Core Definition: 2010 G20 Toronto summit

The 2010 G20 Toronto summit was the fourth meeting of the G20 heads of state/government, to discuss the global financial system and the world economy, which took place at the Metro Toronto Convention Centre in Toronto, Ontario, Canada. The summit's priorities included evaluating the progress of financial reform, developing sustainable stimulus measures, debating global bank tax, and promoting open markets. Alongside the twenty-one representatives of the G20 major economies, leaders of six invited nations, and eight additional intergovernmental organizations also took part in the summit.

Prior to the summit, Canadian Prime Minister Stephen Harper announced that the theme would be "recovery and new beginnings," referring to an anticipated economic stimulus from the impact of the ongoing world recession. Harper initially proposed to hold the summit in Huntsville, Ontario, where the 36th G8 summit was scheduled immediately prior. Organizers later deemed the town insufficient to provide hospitality for the large number of G20 delegates and journalists, favouring Toronto as the host location.

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2010 G20 Toronto summit in the context of 2010 G20 Toronto summit protests

Public protesting and demonstrations began one week ahead of the 2010 G20 Toronto summit, which took place in Toronto, Ontario, Canada on 26−27 June. The protests were for various causes, including poverty and anti-capitalism.

Protests mainly consisted of peaceful demonstrations and rallies but also took the form of a riot as a group of protesters using black bloc tactics caused vandalism to several businesses in Downtown Toronto. More than 20,000 police, military, and security personnel were involved in policing the protests, which at its largest numbered 10,000 protesters. While there were no deaths, 97 officers and 39 arrestees were injured, and at least 40 shops were vandalised, constituting at least C$750,000 worth of damage.

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