Desjardins English | Français | 中文 | الْعَرَبيّة | فارسی
  Desjardins  » Explore Canada   » Discovering   » Ontario  
Contact us Print Send to a Friend Font size Font size
Discovering
 
Investing
 
Living
 
Studying
 
 
  Ontario: driving force of the Canadian economy  
 

Combine prosperity, exceptional educational facilities, and extensive health care with a low crime rate and a high standard of living and you have Ontario! Whether you choose to live in cosmopolitan Toronto or in the suburbs, immigrating to Ontario is enjoying solid economic growth thanks to heavy industry, auto manufacturing, services, arts, and even agriculture. It is no surprise that more than half of all new Canadians choose to settle in Ontario.

Toronto: the financial centre of Canada

The fact that more Canadian companies have their head offices in Toronto than in any other city, as well as the presence of the Toronto Stock Exchange, have made this city the financial and banking centre of Canada. Virtually all sectors of the economy are present in Toronto - from aerospace to manufacturing - creating a highly favourable climate for business growth and success.

Ontario - Exports and trade (2006)

Total international exports ($CDN)

198.7 billions

 
International export markets (%)
United States

86.4%

Western Europe

  7.0%

Asia

  2.8%

Top three international exports (%)
Motor vehicles and parts

38.2%

Machinery

10.4%

Electrical machinery and equipment

  5.9%

Source: "Ontario Provincial Profile"

An abundance of natural resources and excellent transportation links to the U.S. and the Great Lakes, have made manufacturing Ontario's number one industry. Centred in the Golden Horseshoe region - the largest industrialized area in Canada - Ontario manufacturers produce cars, iron, steel, paper and hydroelectric power.

A wealth of cultural communities

Comparable in size to many large American cities, Toronto remains a city in which you may live safely and comfortably. Known for its friendly ethnic neighbourhoods, Toronto is also a popular choice for many new immigrants, because it is home to a long list of notable educational institutions, including Ryerson Polytechnic University, the Royal Conservatory of Music, and the University of Toronto, which is consistently voted among the world's top universities.

When Torontonians want to play, museums, art galleries, theatres, cinemas and musical venues abound, attracting the top performers from around the world. This city provides far more than just the pulse of the Canadian economy - it's also at the core of Canadian multiculturalism!

With some 26% of its population comprised of foreign-born citizens from Europe, the Middle East and Asia, Ontario is a tolerant, welcoming province where you will quickly feel at home.

 

 
  Tools & Resources
  Related links
Capital: Toronto (pop. 4,682,897)
Population: 12,068,301 (36% Can. total)
Area: 1,076,395 km2 (comparable to Egypt)
Geography: Boreal forest, taiga and tundra in the north, numerous lakes and rivers, rolling mountains, fertile river valley in the south.
Weather: Average high temp: summer 26.5C / winter -3.8C
Economy: Finance, manufacturing, retail, services, agriculture, forestry, mining