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.
| Name of
City |
Population |
| Los Angeles |
9.6 million |
| New York |
9.1 million |
| Chicago |
8.3 million |
| Washington |
5.8 million |
| Toronto |
5.3
million |
| Philadelphia |
5.0 million |
| Atlanta |
4.3 million |
Sources: 2003 Municipalities’
estimates, U.S. Census Bureau (2003 Estimates), Greater Washington
Initiative.
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
| Accounting |
Deloitte &
Touche
KPMG
PricewaterhouseCoopers
Ernst & Young
Grant Thornton
BDO Dunwoody |
| Law |
McCarthy Tetrault
Gowling Lafleur Henderson
Borden Ladner Gervais
Fraser Milner Casgrain
Fasken Martineau DuMoulin
Blake Cassels & Graydon
Osler
Hoskin & Harcourt
Stikeman Elliot
Miller Thompson |
| Marketing & Communications |
Maxxcom
MacLaren McCann
BBDO Canada
Envoy Communications Group |
| Benefits & Human Resources |
Mercer Human Resource
Consulting
Towers Perrin
Morneau Sobeco
Deloitte & Touche
Aon Consulting |
| Financial Services |
Domestic Banks
RBC Financial Group
Scotiabank
TD Bank Financial Group
Canadian Imperial Bank of Commerce
BMO Financial Group |
| Insurance |
Sun Life Financial
Manulife Financial
Canada Life Financial
The Independent Order of Foresters
Transamerica Life Canada
UnumProvident
ING Canada
Aviva Canada
Kingsway Financial Services
Royal & SunAlliance Canada
State Farm Group |
| Investment Dealers |
RBC Dominion Securities
CIBC World Markets
Scotia Capital
TD Securities
BMO Nesbitt Burns |
Top of Page
Manufacturing
| High Tech |
Nortel Networks
Celestica
IBM Canada
Hewlett Packard (Canada)
Xerox Canada
Honeywell
Cisco Systems Canada |
| Vehicle & Parts |
General Motors
of Canada
Ford Motor Company of Canada
Magna International
Honda Canada
Toyota Canada
Mazda Canada
Nissan Canada
Volkswagen Canada |
| General |
General Electric
Canada
Gerdau Ameristeel
Masonite International
DuPont Canada |
| Food & Beverage |
Maple Leaf Foods
Parmalat Canada
Cott
Olymel
Nestle Canada
Pepsi-Cola Canada |
| Information Technology |
ATI Technologies
EDS Canada
Microsoft Canada
Geac Computer
Nexinnovations
Softchoice |
Software Multinationals
| Software Multinationals |
IBM Canada
Hewlett Packard Canada
Cap Gemini Ernst & Young
Xerox Canada
Microsoft Canada
Cisco Systems Canada
Oracle Corporation Canada
Sun Microsystems of Canada
EDS Canada
SAP Canada |
Top of Page
Mining & Metal
| Mining & Metal |
Norando
Inco
Barrick Gold |
Real Estate
| Real Estate |
Brookfield Properties
Trizec Canada
Oxford Properties Group
Legacy Hotels Real Estate Investment Trust
RioCan Real Estate Investment Trust
Morguard |
Source: Toronto Board of Trade,
2004.
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
|
Rank |
Industry |
|
2ND |
Automotive |
|
3RD |
ICT |
|
3RD |
Financial Services |
|
3RD |
Film & Media |
|
3RD |
Food & Beverage |
|
4TH |
Biotechnology |
Source: Institute for Competitiveness
& Prosperity, 2002.
GTA’s Top Private Sector Employers
(5,000+ employees)
| Air Canada
Inc. |
Air Transportation
Services |
| Bank of
Nova Scotia |
Financial
Services |
| Canadian
Imperial Bank of Commerce |
Financial
Services |
| Royal
Bank of Canada |
Financial
Services |
| TD Bank
Financial Group |
Financial
Services |
| Bank of
Montreal |
Financial
Services |
| The Great
Atlantic & Pacific Company of Canada Ltd |
Retail
Trade |
| Home Deport
Canada |
Retail
Trade |
| Magna
International Inc. |
Motor
Vehicle Parts Manufacturer |
| General
Motors of Canada Ltd. |
Motor
Vehicle Manufacturer |
| Ford Motor
Company of Canada Ltd. |
Motor
Vehicle Manufacturer |
| Maple
Leaf Foods Inc. |
Food Manufacturer |
| Bell Canada
Inc. |
Information
& Communications Technologies |
| IBM Canada
Ltd. |
Information
& Communications Technologies |
Source: The Toronto Board of
Trade , Contact Toronto , 2004.
Top of Page |
