Global Business CentreMore than just a vibrant city, Toronto is an important commercial hub. Every year, more than 76,000 Toronto-based businesses export over $70 billion in goods and services to countries around the world.
And if Toronto is the hub, its spokes extend far beyond the city; Toronto also serves as a gateway to the rest of the province and, indeed, the country.
According to the World Economic Forum’s Global Competitiveness Report 2009-2010, Canada has the world’s soundest banking system. Canadian banks are well managed, well capitalized, well regulated and secure. That stable and regulated banking system has helped Canada and Toronto lead the way out of a global downturn making Toronto industry the envy of the world. It’s no surprise that top companies in key sectors—from biomedical, financial and manufacturing to film, fashion and food—make their headquarters here.
According to an FDI ranking of North American Cities of the Future, Toronto is in the top five for economic potential and infrastructure. Its reputation as a trusted business centre—one with accountability, transparency, regulation and ethical business practices—has earned it high praise from international fiscal leaders and high marks as a global business centre.
What’s more, Toronto is a highly livable city, making it a much sought-after destination among business travelers and industry leaders looking for a home base. The Economist Intelligence Unit “Livability Survey January 2010” ranked Toronto 4th in the world for liveability. Meanwhile, Mastercard ranked Toronto 4th on its “Ease of Doing Business Dimension”.
A big city with bright business lights, Toronto is central to the future of international finance and is leading the way into the next era of global business.
Trusted Business Centre
Toronto: A Trusted Business DestinationAccountability, stability, and fairness—the city scores in the top 10
Why in the midst of the Financial Crisis was Toronto’s business community able to close $4.2 billion worth (2009) of real estate deals? Trust. When a deal closes in Toronto there is absolute faith that ... Learn more >>
Where Ideas Start
Where Ideas StartToronto has long been a city of thinkers, visionaries and leaders. Collectively, the brain brawn of the city’s artistic, scientific and corporate luminaries has resulted in a long list of life-changing and, indeed life-saving discoveries ... Learn more >>
Toronto's Bio-Medical BoomInsulin, Pablum, dialysis, and later blood stem cells—all of these life-altering innovations were born here, in Toronto, thanks to a bio-medical sector that has always been one of the city’s greatest assets ... Learn more >>
Financial ServicesToronto is the business and financial capital of Canada. It is the third-largest North American financial services centre after New York and Chicago. Financial services leads all other service-producing sectors, contributing roughly 14 percent to Toronto’s Gross Domestic Product. Learn more >>
Advanced ManufacturingToronto is a leader in advanced manufacturing and materials science. The city is ideally located in one of North America's manufacturing heartlands, providing a rich source of industry partnerships for academic and research institutions. Learn more >>
Information Communications TechnologyToronto is a powerful player in the Information and Communications Technology (ICT) sector in North America. It is home to the largest ICT cluster in ,Canada and the third largest in North America. Learn more >>
Film & Digital
Film & DigitalThe film and television industry, including strong players in visual and special effects as well as post production, generates close to $1 billion dollars annually for the Toronto economy and employs 25,000 people. Learn more >>
Fashion & Design
Fashion & DesignBig names like Club Monaco, Caban (later sold to Polo Ralph Lauren), Pink Tartan, Roots, Danier Leather, Phantom Hosiery and Tilley Endurables is evidence that Toronto is a fashion and design a powerhouse. Learn more >>
Green Energy & Technology
Green Energy & TechnologyAt both the municipal and provincial levels, going green has become a primary political mandate. What that means for Toronto corporations is opportunity. Learn more >>