The Toronto Region is ranked as one of the world's most successful economies. The region generates more than 20 per cent of Canada's GDP and is home to over 40 per cent of the country's head offices. Some comparable regions have larger R&D clusters in specific areas, but the Toronto Region has the combined power of clusters in several strategic fields.
2. Dan Fortin, former President, IBM Canada Ltd.
The Toronto Region is located in the industrial and metropolitan heartland of Ontario, Canada. It encompasses the
Exceptional Infrastructure
regions of Durham, Guelph, Halton, Hamilton, Peel, Toronto, Waterloo, Wellington and York.
Air
âą Several airports, including North Americaâs fourth largest (Toronto-Pearson)
âą 65 airlines operating flights to 98 international cities, 55 US cities, and 39 Canadian cities
GDP and GDP Growth in Toronto Region, Distribution of Employment in Toronto
2006 â 2013 (in billions) Region, 2008
âThe Toronto Region is home to one of the
largest and most productive concentrations
of research and development talent in the
world, and serves as a portal to all of North
Americaâs major markets and institutions.â
350 4.0
3.5
300
3.0
Public Administration
250
Non-commercial 3.7%
2.5
THE TORONTO REGION
Services
Manufacturing
200 2.0
16.4%
14%
150 1.5
Construction
1.0
6.5%
100
0.5
Primary & Utilities
50
1.3%
0.0
Commercial
Services
0 -0.5
Transport &
25%
2006 2007 2008 2009 2010 2011 2012 2013
Communicatons
8.5%
Wholesale &
Finance Insurance Retail Trade
Source: Conference Board of Canada
& Real Estate 15.6%
Source: Conference Board of Canada
9%
Real GDP at basic prices (2002 $millions) GDP percentage change
IMF 2008 Financial Stability Report
Percentage Change(%)
Billions ($)
âCanadaâs financial system is mature, sophisticated, and well-managed. Financial stability
is underpinned by sound macroeconomic policies and strong, prudential regulation and
supervisionâŠThe five large banking groups that form the core of the system are
conservatively managed and highly profitable.â
Contact the Toronto Region Research Alliance at 416-673-6670 or visit www.trra.ca