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Financial Markets

Toronto: Canada's Business and Financial Capital


The Greater Toronto Area (GTA) encompasses over 5 million residents and traverses 25 municipalities. As the capital city of Ontario, Canada’s most populous province, Toronto is the industrial and business centre for the country.
  • Toronto Region is Canada's financial centre and has the 3rd largest financial services cluster ranked by direct employment in North America, after New York and Chicago. Over 230,000 people work in the financial and investment-services sector in the Toronto Region.

  • Toronto is headquarters to the five largest domestic banks, and the majority of insurance, securities, foreign banks, pension and mutual fund companies.

  • The Toronto Stock Exchange represents the heart of Canada’s capital markets and is the 3rd largest in North America based on market capitalization and the 7th largest in the world. It is the leading exchange in global mining sector listings.
For more information about Toronto's financial services visit the websites of the City of Toronto and Toronto Financial Services Alliance (TFSA)

Source: Greater Toronto Marketing Alliance, Toronto Financial Services Sector Profile - May 2007 (5/2007)
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