Business Profile

Business Head Offices | GTA’s Top Private Sector Employers

Economic Engine of Canada

The Toronto area is the 5th largest urban region in Canada and the U.S.

Approximately 15.5 percent (162,772) of Canada’s businesses are located in the Toronto region, creating an economy that is extremely diverse. Strong employment in both the manufacturing and business services sectors differentiates Toronto from most other major North American cities.

This high concentration of economic activity provides employment for 2.8 million people or 18.2% of all employed Canadians. This number is expected to grow to 4.1 million jobs by 2031.

The Greater Toronto Area is the industrial and financial capital of Canada.

• Third largest financial centre in North America by employment after New York and Chicago ? Headquarters or executive offices of the Top 5 Canadian Banks
• 85% of the 41 foreign banks in Canada are headquartered in Toronto
• Headquarters for 6 of the top 10 life insurance companies in Canada
• Headquarters for all of Canada’s top 10 investment dealers
• The Greater Toronto Area generates 20% of Canada’s GDP
• More 160,000 businesses or 15% of all of Canada’s businesses are located in the Toronto area
• Home to 40% of Canada’s business head offices:

Business Services

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Manufacturing

Software Multinationals

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Mining & Metal

Real Estate

The Toronto area’s economy is diverse with several large sectors:

• business and financial services;
• manufacturing;
• retail and wholesale trade; and
• transportation.

North American Ranking

GTA’s Top Private Sector Employers (5,000+ employees)

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