Toronto Sponsored by Toronto, Ontario
Why Us
The Best Investment Choice
Toronto, an international centre for commerce, research and innovation, is a thriving gateway to the globe’s most lucrative markets. Value, talent and infrastructure combine with a cosmopolitan atmosphere to create the unique Toronto experience.
Toronto is North America’s top-rated economy by La Salle Investment Management’s 2005 North American Regional Economic Growth Index. Toronto’s diverse economy, characterized by 10 key employment sectors, ensures economic resilience.
The competitive cost of doing business, an excellent return on investment, and a growing, highly educated labour force make Toronto the best choice for investment.
Business Gateway to the World
Toronto is a preferred business gateway to the United States and Europe.
Fifty per cent of the U.S. population is within a one-day drive. And the city’s population of 2.6 million is one of the continent’s largest and most prosperous consumer and commercial markets.
Fast and efficient trucking, railways, waterways and air services link Toronto to the world. Toronto’s Pearson International Airport provides flights to over 300 destinations in 54 countries through 64 carriers, handles 30 million passengers and is capable of processing 1 million metric tonnes of cargo annually.
China, Germany, Great Britain, India, the United States and 87 other countries, maintain consular offices in Toronto. Dozens of international trade commissions promote and facilitate global business.
Toronto is home to over 90% of the world’s international banks operating in Canada, 85% of the world’s mutual fund companies, and half of Canada’s venture capital firms are located here.
Economic Powerhouse
The City of Toronto is in the heart of the Toronto Region’s 5.4 million people. In North America it ranks alongside economic powerhouses such as Chicago and New York. The value of all goods and services produced in Toronto in 2005 was $127 billion with GDP output growth forecasted to increase at a rate of 3.7% annually from 2007 to 2010.
North American rank of Toronto sectors by employment
Sector | Rank by employment |
Business and Professional Services | 3rd |
Design | 3rd |
Entertainment | 3rd |
Film and Television | 3rd |
Financial Services | 3rd |
Food and Beverage | 3rd |
Information and Communication Technology | 3rd |
Medical, Pharma and Biotech | 4th |
Major Employers:
City of Toronto's Top Ten Largest Private Employers (Dec 2006) | ||
Company | Business sector | Employees |
Canadian Imperial Bank of Commerce | Banking (Global HQ) | 12,000 |
Royal Bank of Canada | Banking (Global HQ) | 11,000 |
Toronto Dominion-Canada Trust | Banking (Global HQ) | 11,000 |
Bank of Nova Scotia | Banking (Global HQ) | 10,000 |
Bank of Montreal | Banking (Global HQ) | 8,000 |
Bell Canada | Utility | 5,500 |
Bombardier | Aerospace (Manufacturing) | 3,500 |
Apotex | Pharmaceutical (Manu.) (Global HQ) | 3,500 |
IBM Canada | IT (Research & Tech. Support) | 3,400 |
Manufacturers Life Insurance Co. | Insurance (Global HQ) | 2,700 |
