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Toronto

Quick Facts
Province: Ontario
Population: 5.4 million

Anyone looking for a city that combines economic muscle and unparalleled cost advantages with cosmopolitan flair will feel at home in Toronto. As Canada's largest city and leading business address, Toronto has more nationally and internationally top-ranked companies than any other Canadian city. Toronto is also home to one of the world’s most diverse and multicultural populations. The city’s highly skilled, educated and multi-lingual citizens speak over 100 languages and dialects. Not to mention the quality of life is hard to beat, with Toronto ranked as the safest large metropolitan area in North America.

Key Advantages

  • With 2.6 million residents, Toronto is the 5th largest city in North America
  • One-quarter of Canada’s population is located within 160 km (100 mi.) of the city and more than 60% of the population of the USA is within a 90-minute flight
  • Economy comprises 11% of Canada’s GDP, with Toronto’s GDP topping $127 billion in 2005
  • Toronto-based businesses export over $70 billion in goods and services to every corner of the globe with retail sales of $47 billion annually
  • Five of Canada’s six largest banks have their headquarters near the country’s busiest stock exchange
  • Reputation as North America's leading economy and overall business cost savings of 6.5% over large U.S. cities and up to 12.2% when compared to Asian and European centres
  • Home to 76,000 businesses that have access to a large, highly skilled, multilingual workforce of 1.4 million people - one-sixth of the country’s labour force
  • More than 800,000 workers have university or college training and 58% have earned a post-secondary degree, diploma or certificate
  • Home to three universities and five colleges offering training in virtually every discipline and skill
  • 150 million customers and suppliers are within a one-day’s drive from Toronto
  • Toronto’s Pearson International Airport is within easy reach of the city’s central business district and provides flights to over 300 destinations in 54 countries through 64 carriers
  • Business services cluster is among North America’s largest and growing—Toronto is home to 9 of Canada’s 10 largest law practices, 9 of the top 10 accounting firms and all 10 top human resources and benefits firms

Sector Strengths

  • Aerospace
  • Biomedical & Biotechnology
  • Business Services
  • Design
  • Fashion & Apparel
  • Film & Television
  • Financial Services
  • Food & Beverage
  • ICT
  • Tourism