Economy. Royal Bank Plaza is the corporate headquarters of the Royal Bank of Canada.

Royal Bank Plaza is the corporate headquarters of the Royal Bank of Canada.

Toronto is a major international centre for business and finance. Generally considered the financial capital of Canada, Toronto has a high concentration of banks and brokerage firms on Bay Street, the country's equivalent to Wall Street in New York. The Toronto Stock Exchange is the world's sixth-largest stock exchange by market capitalization. All of the Big Five banks of Canada are headquartered in Toronto.

Toronto has a gross domestic product of US$225 billion. The gross metropolitan product of its metropolitan area is about US$305 billion, seventh-largest in the world after New York City, London, Tokyo, Paris, Los Angeles and Chicago.

The city is a national centre for the media, publishing, telecomunications and information technology industries; it is home to Thomson Corporation, Bell Globemedia, Rogers Communications and Celestica. Other prominent Canadian corporations in Toronto include Four Seasons Hotels, the Hudson's Bay Company and Manulife Financial. Most multinational companies also establish their Canadian head offices in Toronto.

Although much of the region's manufacturing activities take place outside the city limits, Toronto continues to be an important wholesale and distribution point for the industrial sector. The city's strategic position along the Quebec City-Windsor Corridor and its extensive road and rail connections help support the nearby production of motor vehicles, iron, steel, food, machinery, chemicals and paper. The completion of the St. Lawrence Seaway in 1959 gave ships access to the Great Lakes from the Atlantic Ocean.

Дата добавления: 2015-07-20