Toronto Mayor John Tory says Canada's largest city will make a decision "very quickly" whether to bid for the 2024 Olympics.

In an interview with The Associated Press on Thursday, Tory did nothing to quash speculation that Toronto will bid and use the Pan Am/Parapan Am Games as a springboard.

Tory previously said, however, that the city would wait until after the Pan Am Games to decide.

Five cities have already said they will bid: Boston; Budapest, Hungary; Hamburg, Germany; Paris; Rome.

Tory says: "We have to sit down right after these games and prepare every bit of analysis — on the finances, on the benefits to the city, on the amount of publicity it will give us from the point of tourism."

Toronto has failed twice with recent Olympic bids, losing out to Atlanta for the 1996 Games, and Beijing for 2008.

Cities looking to host the 2024 Summer Olympics have until Sept. 15 to submit a letter of application to the International Olympic Committee.

The winning city will be chosen in the summer of 2017.