Toronto is one of the greatest cities in the world to do business, consistently ranked at the top when it comes to global competitiveness, innovation and quality of life. Very few cities in the world can offer such multi-sector strength, depth of talent and a driving economic and financial engine.
Toronto's Competitive Advantages
Toronto houses a web of interconnected businesses that are stronger because of those connections. This multi-sector strength drives growth, innovation and synergies.
The Toronto region accounts for 19% of the nation's GDP and ranks among the top 10 financial centres globally, employing about 229,000 people (CMA) in the financial services sector. Eleven per cent of Canada's GDP is produced within the borders of Toronto.
Business in Toronto benefits from one of the world's most highly educated and diverse labour forces. Toronto's ethnic and economic diversity drives innovation and economic growth both locally and internationally.
The City of Toronto is committed to creating an environment for business to thrive. Staff help businesses navigate municipal programs and processes and provide consultation services and hands-on solutions.
City News & Related Information
Invest Toronto is responsible for attracting inbound foreign direct investment to Toronto, they offer one-on-one consultations to businesses and site selectors making global business investment decisions.
The City of Toronto is ranked second behind Sydney, Australia in an annual study, comparing the reputations of 100 cities worldwide, recently issued by the Reputation Institute. In 2012 Toronto placed 22nd in this same study.