Doing Business

Why Toronto Banner image

Why Toronto

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

Office building

Support for key industry sectors

Toronto houses a web of interconnected businesses that are stronger because of those connections. This multi-sector strength drives growth, innovation and synergies.


Canada's economic and financial hub

The Toronto region accounts for 19% of the nation's GDP and ranks among the top 10 financial centres globally, employing more than 251,000 people in the financial services sector (CMA). Eleven per cent of Canada's GDP is produced within the borders of Toronto. 

Business people

A deep talent pool and global workforce

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. 

City Hall

Supportive Municipal Government

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.