I actually thought the article was pretty bad and inaccurate at times, even from the very start: "It’s small, bitterly cold in winter, and far from beautiful..." small? We are the fourth largest city in US/Canada! Bitterly cold? I know we are far from mild in the winter season, but has this idiot been to Montreal, Helsinki, Quebec City, Moscow, Winnipeg, Edmonton, Oslo, Calgary? In fact our winters are comparable to Chicago's.
I agree that Toronto is no winner in the beauty department, but it is definitely getting better, and we do have our share of interesting buildings especially in the last few years, as everybody in this forum is well aware.
The whole paragraph about filipino nannies was just lame and unnecessary.
I could go on but I rather recommend two of the best most complete articles written about Toronto both published in National Geographic Magazine, the first one in the August 1975 issue, and my personal favorite in the June 1996 issue. Maybe one day I'll scan them and share them with everybody in the forum.
In general, I was surprised, considering The Economist proven prestige, that they would publish a report of such low quality.