Toronto benefits from Canada's strong trade relationships, including the historic North American Free Trade Agreement (NAFTA), which created the largest free trade zone in the world, and shares proximity and time zone with the world's largest concentration of economic activity - the northeastern United States.
The city lies within a 90-minute flight of New York, Chicago, Boston, Philadelphia, Pittsburgh and Washington. Accordingly, Toronto benefits from an impressive network of road, rail, sea, and air links that help move the province's exports, half of which are generated in the city.
There is also a high level of telecommunications traffic that helps to keep global business connected. This is one of the many reasons why Toronto was selected as one of four global "Internet of Everything" Innovation Centres by Cisco to bring together start-ups, tech partners, researchers and industry support services to rethink and transform select industries including real estate, construction, and life sciences.
These factors combine to give Toronto a strategic advantage in terms of access to global supply chains and major Asian, European, and American markets.
Toronto is emerging at the centre of the world's major trading alliances...