Fast Facts: The capital of the province of Ontario, Toronto is the most populous city in Canada and among the most diverse cities in the world. Historical records claim that the city was founded in the late 18th century. Other significant dates that add to the appeal of the metropolis are the War of 1812 when the Battle York ruined the city, the year 1834 when York the city’s former name was replaced to Toronto, and the years 1849 and 1904 when the two huge fires destructed the city
Hailed names: Nicknamed as the ‘City of Neighbourhoods” due to its continuous merging with the adjacent municipalities. In addition, Toronto is also known as financial capital of Canada.
Economy and major employers: While stationed in the metropolitan are the Toronto Stock Exchange, the seventh largest stock exchange in the world, and the Big Five, or also referred to as the five biggest banks in Canada, Financial industry is the major employers of the city.
However, other sectors of the economy such as the media, publishing, telecommunication, information technology, film production and hotel industries cannot take for granted for their share in the employment records of the metropolis. Among the top companies in these sectors are the Magna International, Bell Media, Torstar, Manulife Financial, Hudson’s Bay Company and Fairmont Hotels and Resorts.