The capital of Ontario is the most populous metropolitan area in Canada with approximately 6.5 million people.
Toronto is an international centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world, drawing millions of tourists each year.
The city is home to the Toronto Stock Exchange and the headquarters of Canada's five largest banks. Canada tops the G20 with Germany and Australia for its fiscal soundness, with a triple A credit rating. As Canada's business and financial capital, the city is the second largest financial services centre in North America and has one of the highest concentrations of financial services company headquarters in the Americas.
Apart from its position as Canada's financial centre, Toronto is competitive in almost every other major business sector, from technology and life sciences to green energy; from fashion and design to food and beverage; from film and television production to music and digital media.
Toronto's rich industrial diversity drives growth, innovation and cross-sectoral synergies and knowledge spillovers have spawned new leading-edge hybrid sectors, including med-tech, green-tech and food-tech.