Toronto is Canada’s most important population, financial and business center, generating about one-tenth of Canada’s GDP. About 25 percent of Canada’s population lives within 100 miles of Toronto.
With 2.8 million residents, Toronto is the fourth-largest city in North America. Toronto is home to several of Canada’s most important financial institutions, five major universities and many of the country’s leading media and manufacturing companies.
Toronto boasts a highly educated workforce, with 64 percent of its population between the ages of 25 and 64 having achieved some level of post-secondary education. Toronto has a GDP per capita of about US$45,771, which is higher than the national average. The region’s high level of economic activity, trade and consumption make Toronto a key market for logistics and distribution.
Toronto is an important gateway for distribution to the rest of Canada. The Port of Toronto, on the shores of Lake Ontario, handles more than 2 million tons of cargo annually. In 2015, Toronto Pearson International Airport handled 41 million passengers, and nearly one-third were international travelers. A network of industrial properties and warehouses allows logistics companies to facilitate cargo movement throughout the region and across the county.
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- With 2.8 million residents, Toronto is the fourth-largest city in North America
- About 25 percent of Canada’s population lives within 100 miles of Toronto
- Port of Toronto handles more than 2 million tons of cargo annually