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 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 over 245,000 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.
Toronto has been selected as the 2014 Intelligent Community of the Year by the Intelligent Community Forum (ICF). The redevelopment of Toronto's waterfront, particularly the convergence of technology and economic growth helped secure the city's ranking. Read more.