Another case where Corel Draw trumps Illustrator. Corel Draw can create TrueType fonts.
Truthfully, if one is wanting to create a font today, it would be better to use OTF. TTF is good for legacy support (and TTF is still supported, so don't think it's deprecated, but it isn't modern either). There are limitations for some of the more advanced features that one can get in fonts today. If the OP doesn't care about that, which they may not, this is moot. However, if I was going to create a font today, even if I wasn't needing more modern feature set, it would still be better to go to OTF.
Bare in mind too, unless this has changed, the more advanced features of font creation are not available within Draw (kinda goes into the "jack of all trades, master of none" saying). It would still be better to actually use a tool specific for the job.