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Security preparations for financial summit

TORONTO, May 10 (UPI) -- Security will cause most bankers to be absent from Toronto's central business district when leaders meet for the G20 summit in late June, officials say.

Many large financial institutions will send their workers to other locations or let them telecommute because of disruptions caused by tight security or possible demonstrations that might block the streets, The Globe and Mail reported Monday.

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"One of our main strategies is to reduce our employee presence in the downtown core," said Don Blair, manager of corporate communications at Royal Bank of Canada.

"Our goal is to have as many as possible working from alternative work sites ... and at home," he said.

The measures will begin Thursday June 24 two days before the official start of the summit. Blair said "a majority" of head-office workers could be affected, the newspaper reported.

The property on which the banks sit is not owned by the banks themselves but by real estate companies or property managers.

"I think you will see an increased police presence in the buildings," Brookfield Properties Corp. spokeswoman Melissa Coley said.

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