Final answer:
The University of Toronto's ranking for innovative universities isn't statically fixed and varies by source and year. To find the current ranking, one should consult the latest rankings from reputable sources. As of early 2023, UofT usually positions within the global top 50 for innovation.
Step-by-step explanation:
The ranking of the University of Toronto (UofT) for innovative universities can be found through annual rankings published by various organizations that evaluate educational institutions globally. These rankings typically assess factors including research output, patent filings, industrial partnerships, and technological advancements. Since rankings are subject to change each year and can vary by source, for the most precise and current ranking, it's best to consult the latest publication from a reputable source such as Reuters, Times Higher Education, or QS World University Rankings. As of my knowledge cutoff in early 2023, the UofT typically ranks within the top 50 globally for innovation, but the exact number may vary annually.