Toronto: Canada’s economic engine with great cosmopolitan flair

Key Advantages

  • 4th largest city in North America, within a 90-minute flight from major U.S. cities
  • One-quarter of Canada’s population lives in the Greater Toronto Area (GTA)
  • Toronto’s GDP tops $314.6 billion in addition to unparalleled cost advantages
  • Toronto-based businesses export over $72 billion in goods and services
  • 196,108 businesses that have access to a highly skilled, multilingual workforce
  • Five of the largest banks have their headquarters near Canada’s busiest stock exchange

Population

6 million

Largest city in Canada, Capital of Ontario


Key Sectors

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Financial Services - Toronto is home to one of the largest financial services talent concentrations in the Americas, employing over 251,000 people across the region. This represents 70% of Ontario’s and 36% of Canada’s sector employment. The Toronto region is home to the headquarters of the 5 major Canadian banks; the top 4 public sector pension funds; 2 of the largest 10 global life insurers; 7 of the 10 largest global hedge fund administrators; and 9 of Canada’s top 10 mutual fund companies. MORE....

 

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Technology - Toronto is Canada’s largest technology hub and the third largest in North America, employing over 168,000 people in over nearly 15,000 companies. The Toronto region is home to industry-leading fortune 500 companies, world-renowned universities and colleges, and local enterprises that range from start-ups to multi-national firms. These organizations drive innovation both at home and in global markets. Sub-sectors include gaming, digital media, enterprise software, data centres, mobile applications, hardware manufacturing and telecommunications.   MORE....

 

Life Sciences - Toronto is a rare global location where leading-edge medical research converges with international business expertise and advanced manufacturing capabilities.  Over 50% of Canada’s life sciences companies are located in the Toronto region, and the Toronto biotech cluster is the largest in Canada.  Toronto’s life sciences sector employs over 45,000 people in nearly 1,600 companies. MORE....

 

 

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Cleantech & Renewable Energy - Toronto is a dynamic hub of activity in the renewable energy and clean-tech sector.  More than 36,000 employees in over 1,700 companies provide renewable energy and clean-tech products and services across a wide range of sub-sectors, including: smart grid, electric vehicles, green buildings, clean air/water technology, solar and wind power, and waste technology. MORE....

 

 

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Food & Beverage - Toronto’s food and beverage cluster is the second largest – and fastest growing – in North America, and 75% of all agricultural products grown on farms outside the region are processed locally.  With over 60,000 employees, more individuals in the Toronto region work in food and beverage processing than anywhere else in Canada.  MORE....

 


Click the image below to watch a video: "Toronto: Come Grow With Us"


Collateral

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Click the link below to view/download the
complete City Profile of Toronto (2015)

CCCA_Toronto_City_Profile.pdf


For more information, please contact: 

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Invest Toronto

Phone: +1 (416) 981-3888
Suite 901, 225 King St. W
Toronto, Ontario, M5V 3M2, Canada
ebsite: www.investtoronto.ca
 

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