Toronto Region: A North American economic powerhouse
The Toronto Region is one of North America's top four economic powerhouses - on a par with Los Angeles, New York and Chicago. The region offers exceptional research infrastructure, a strong, diversified economy, and a government that fosters innovation. These advantages create a dynamic environment that fosters convergence in new fields, such as nanotechnology, stem cell research, biomarkers, quantum computing, ophthalmic technologies, health informatics, water technologies, green technologies, and digital media.
- Generating GDP of $337 billion in 2008, bigger than Finland, Korea, Austria or Switzerland
- One of North America's top four economic powerhouses - New York, Los Angeles, Chicago and Toronto:
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- #2 Automotive
- #2 Food Production
- #3 Biomedical/Biotechnology
- #3 IT/Communications
- #3 Financial Services
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- At 7.4 million people, the 4th largest urban region in North America
The Toronto Region is recognized as a global economic centre:
- Ranked # 1 for the soundness of its banking system by World Economic Forum (Global Competitiveness Report 2008-2009)
- Ranked #3 financial centre in North America by Global Financial Centres Index (2011) and tied for #10 globally
- Ranked #3 Top City in North America by MasterCard Worldwide Centers of Commerce Index (2008)
- Ranked #4 globally for Ease of Doing Business by MasterCard Worldwide Center of Commerce Index (2008)
- Ranked #4 for Best Economic Potential by Foreign Direct Investment Magazine (2009)
- Ranked #7 among Major Cities of the Future by Foreign Direct Investment Magazine (2009)
- Ranked #10 in Forbes World's Most Economically Powerful Cities in 2008
© 2011 Toronto Region Research Alliance