the turmoil of the late-1980s economy radically changed the situation. Locally based operations such as Principal Trust and Canadian Commercial Bank would fail, and some regional offices were moved to other cities. The 1990s saw a solidification of the economy, and Edmonton is now home to Canadian Western Bank, the only publicly traded Schedule I chartered bank headquarters west of Toronto. Other major financial centres include ATB Financial, Servus Credit Union(formerly Capital City Savings), TD Canada Trust and Manulife Financial.
Edmonton has been the birthplace of several companies that have grown to international stature, such as PCL Construction, Stantec Inc. and more recently, Capital Power Corporation. The local retail market has also seen the creation of many successful store concepts, such as The Brick, Katz Group, Auto Canada, Boston Pizza, Pizza 73, Liquor Stores GP (which includes Liquor Depot, Liquor Barn, OK Liquor, and Grapes & Grains), Planet Organic, Empire Design, Running Room, Booster Juice, Earl's, Fountain Tire andXS Cargo.
Edmonton's geographical location has made it an ideal spot for distribution and logistics. CN Rail's North American operational facility is located in the city, as well as a major intermodal facility that handles all incoming freight from the port of Prince Rupert in British Columbia.
Edmonton was judged to have the "best economic potential" of any North American city by the Financial Times publication, FDi magazine. In a 2007 study, FDI placed Edmonton immediately ahead of Mississauga, Ontario; Charlotte, North Carolina; Tijuana, Mexico and Calgary among cities with populations between 500,000 and two million. Edmonton's economic potential, expanding infrastructure, human resources, cost effectiveness, and high standard of living place it in the No. 4 spot on FDi’s list of top-ten North American large cities. The survey also named Edmonton in the top-five large North American cities for business
