Why Toronto

Toronto is Canada's financial and business capital. Rated as one of the top four global cities with economic clout (Cities of Opportunities Report, PwC, 2014), and topped the North American Cities of the Future. Toronto is a dynamic, diverse, rising city that provides the ideal business environment for companies looking for a competitive edge.

  • One-quarter of Canada’s population is located within 160 km (100 miles) of the city and more than 60 per cent of the population of the USA, (including New York City) is within a 90-minute flight
  • Toronto is one of the most livable and competitive cities in the world as demonstrated by various international rankings and reports
  • Toronto's more than 89,800 businesses choose from a large, highly skilled, multilingual workforce of 1.4 million people – one sixth of the country's workforce
  • Toronto's technology sector is comprised of 14,600 companies employing about 159,000  people
  • Toronto is both the financial services capital of Canada and the third-largest North American financial services centre after New York and Chicago
  • The City of Toronto's economy comprises 10 per cent of Canada’s GDP, with Toronto's GDP topping $157.3 billion in 2013

(Source: City of Toronto, 2017)

Toronto in a global context

The world's most tax-competitive major city (KPMG Competitive Alternatives 2014: Focus on Tax) - The 2014 Intelligent Community of the Year (Intelligent Community Forum) - Fourth on PwC's Cities of Opportunity (PwC, 2014) - The world's most resilient city (Grosvenor Group, 2014) - Most youthful city among 25 global cities (YouthfulCities 2014 Index)