The Greater Toronto region needs “a war cabinet” made up of politicians and economic development officers to promote the area as well as a financial services task force to come up with new strategies to focus on Canada’s banking strength.

Those are two key recommendations in the final report of the Greater Toronto Region Economic Summit, due to be released today, on how to ensure a swift economic recovery for the region that stretches beyond Toronto and the 905 municipalities to Waterloo, Niagara, Barrie and Peterborough.

The report, Choosing Our Future: An Action Plan for Economic Recovery, emphasizes the need to think regionally. The ideas emerged from a summit held in May in Markham, co-chaired by Mississauga Mayor Hazel McCallion and Torstar chair John Honderich, that brought together regional leaders as well as Premier Dalton McGuinty, Finance Minister Jim Flaherty and Toronto Mayor David Miller.