Business Overview
The countrys financial, business, manufacturing and
communications capital, Toronto is Canada's second largest economy and a
major global city. Not just the banking and stock exchange hub of the
nation, the city also holds the position as one of the world's largest
financial centers.
Besides holding the world's seventh largest stock exchange, Toronto is
home to a majority of the country's corporate headquarters and
transnational corporate offices as well. While its one of the
busiest ports handles over million tons of cargo every year.
The city further is a major distribution and industrial center. The
wealth of raw materials and hydroelectric power has made Toronto a
primary center of industry where over 5,700 factories reside within a
hundred-mile radius providing employment for the residents. Food
processing, publishing and printing have been the main industries of the
city till now, however, the auto industry has also flourished in last
few years. Further the city has highly developed telecommunications and
information technology industries therefore providing base for
corporations like Thomson, CTVglobemedia, Rogers Communications,
Alliance Atlantis and Celestica.
The opening of St. Lawrence Seaway together with Quebec City-Windsor
Corridor and extensive road and rail connections have not only led to
the economic growth of the city but also help support the nearby
production of motor vehicles, iron, steel, food, machinery, chemicals
and paper.
Toronto is the convention and trade shows destination of Canada as
well. With Metro Toronto Convention Center and Toronto International
Center along with many other high profiled venues, the city stands as
one of the most visited business terminal. Some the major exhibitions
held in the city are Canadian Manufacturing Technology Show (CMTS),
Canadian Food & Beverage Show and Canadian Gift & Tableware
Association Show.
Major Business Centers:
The Toronto Stock Exchange (TSX):
Located at the center of the financial district of Toronto, TSX is
Canada's largest stock exchange that does the largest amount of trading
in the country. It is one of the most modern stock exchanges where all
transactions are computerized and the age-old concept of the trading
floor no longer exists.
The most important stock exchange of Canada, Toronto Stock Exchange is
the division of TSX Group that maintains offices in Montreal, Winnipeg,
Calgary and Vancouver as well. Listing a broad range of businesses from
Canada, United States along with many others, the exchange trades senior
equities and also mutual funds in various companies.
Metro Toronto Convention Center (MTCC):
With over 600,000 sq.ft of exhibition and meeting space including 64
meeting rooms, a world-class 1,330-seat theatre and two well-appointed
ballrooms, MTCC is Canada's No.1 convention and trade show facility.
The MTCC is located in the heart of vibrant downtown Toronto and is
only a 20-minute drive from its International Airport. From years the
center have been host to events as large as the International Aids
Conference, Canadian International Auto Show and as intimate as private
sales meetings
Therefore, MTCC is the best-equipped, most up-to-date and most
attractive convention center in Canada.
Toronto International Center:
The Leading multipurpose exhibition and trade fair facility of Canada,
Toronto International Center is home to the largest trade and consumer
shows of Canada along with concerts, meeting and other special events.
The center provides exceptional facilities and outstanding services
through its 8 interconnected exhibit halls totaling over 500,000 sq.ft
of floor space, an Arrow Hall with 100,000 sq.ft of column free space,
15,500 sq.ft large Aviation Ballroom and a Business Center with full
range of business and communication services.
Major Commercial Areas:
Yonge Street:
The world's longest street, Yonge is the commercial artery of the city
of Toronto. Splitting east and west Toronto, the street stretch from
Lake Ontario to the town of Rainy River.
One of the oldest streets in the city, today Yonge is the beehive of
activity with businesses lining both sides. It is one of the premiere
shopping streets with multifarious mix of high end shops and dollar
stores. It houses some of the most renowned stores including Hudson Bay
Company's Queen Street Store, Eaton's Center (one of the largest
downtown malls in the world) and Sears.
Being the most of important commercial and shopping thoroughfare of the
city, the street is conveniently accessible through three subway lines
of Toronto.
Others highlights of the street are HMV store, Sam The Record Man, a
Toronto institution and the largest music and video store and World's
Biggest Book Store.
Bay Street:
Bay Street is the main financial district of Toronto with high
concentration of banks and brokerage firms.
Lying in the core of downtown, the Street is the home of the head
offices of the Big Five Canadian banks as well as North America's third
largest stock exchange, TSX.
The street remains fully of powerful with hustle bustle during the
whole workweek.