Take context from the input text and decide on the accurate relationship between 'Scotiabank' and 'Toronto' from the options provided.
Options: headquarters location, industry, owner of, position held

With a team of more than 86,000 employees and assets of $837 billion (as at April 30, 2015), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS).
headquarters location