The Economy

General

  • Most diversified economy of any city-region in North America
  • More than 76,000 businesses
  • Comprises 11% of Canada’s GDP - $127 billion in 2005
  • Ranks in the top 5 for more than 16 sectors
  • Headquarters for five of Canada’s six largest banks
  • Most diversified economy of any city-region in North America
  • Business services cluster is among North America’s largest and growing: 9 of Canada’s 10 largest law practices, 9 of the top 10 accounting firms and all 10 top human resources and benefits firms
  • Country’s busiest stock exchange
  • North America’s 3rd largest financial services centre
  • 75% of Canada’s foreign banks, and 65% of the country’s pension fund companies
  • Major center for banking, manufacturing and publishing
  • Ranks third in North American TV and film production
  • Toronto-based businesses export over $70 billion in goods and services

TOURISM

  • 18 million visitors a year
  • Superb attractions, cultural events, entertainment, shopping and dining
  • North America's second largest transit system

Retail Sales

  • $ 55,520,390,000 (2006 estimate)
  • 14% Above National Average
  • 14.2% of Canadian spending
  • $29,100 per household (2006)
  • $10,300 per Capita (2006)