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Business Environment

CIC Chooses Toronto

China Investment Corporation logo

China Investment Corporation (CIC), China's $300-billion (U.S.) sovereign wealth fund, has chosen Toronto.

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Produced by: City of Toronto

Overview of Toronto's top business sectors, business enviroment and quality of life.

U.S. President Barack Obama praised the Canadian banking system saying,

"In the midst of the enormous economic crisis,
I think Canada has shown itself to be a pretty good manager
of the financial system and the economy in ways that we haven't always been."

Paul Krugman, Nobel laureate in Economics, wrote in the New York Times that, "the world stands to learn from the remarkable stability of Canada’s banks."

Despite the global recession, Toronto's business community was able to complete $4.2 billion in real estate deals during the first year of the meltdown.

The reason for this remarkable market confidence lies in the city's international reputation for accountability, stability, fairness, and its adherence to the rule of law. When a deal closes in Toronto, there is absolute faith that the financing and regulation is in place to guarantee the transaction.

In Canada, effective regulation, combined with a prudent, long-term approach to business development – with focus on sustainable business growth – produced not one single bank failure.

Well regulated, accountable, transparent and ethical, Toronto’s business practices have earned the city high praise internationally. Among Group of Seven (G-7) countries, such as the U.S., Germany, and Japan, Canada has had the strongest record of growth and job creation over the economic recovery, and leads the G-7 in job creation, income growth and in maintaining low debt levels.

Located in one of the safest and most stable democracies in the world, only hours from the lucrative U.S. market and benefiting from Canada’s strong international trade relationships, Toronto is an ideal location to start or expand a business.

Specific languages spoken in Toronto workplaces by total number.
Labour Force Data, Toronto region, Ontario and Canada 2011.
Summary statistics of short-term labour force trends in the Toronto region (August 2014)
Describes the City of Toronto and the Toronto region using aggregate statistics. The monthly indicators are produced by the City of Toronto.
Toronto has a $304 Billion Economy
The stacked time series shows the GDP growth of the City of Toronto, the Toronto region and the Province of Ontario.
Table breaks down the roles and responsibilities of Toronto's municipal government compared to the provincial and federal governments.
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