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On Friday evening, a fashion summit meeting of sorts is taking place in Toronto, and big names will be in attendance: Coco Rocha, the supermodel-turned-personality, is flying in, as are the London-based designer Erdem Moralioglu and the New York-based designer Jason Wu, and the nonagenarian style icon Iris Apfel.

They will be gathering for the Canadian Arts and Fashion Awards, an annual event akin to those regularly hosted in New York by the Council of Fashion Designers of America and in London by the British Fashion Council. Though this will be only the fourth incarnation of the CAFA, it is also the biggest.

While conventional wisdom has long held that for Canadian designers to make it on the global stage, they have to establish their names elsewhere, the attendance list at CAFA suggests they may be beginning to realize the attractions of home.