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Canada's largest chemical manufacturing sector
Ontario has the right environment for robotics companies to flourish
Canada’s top tourism market: 55% of all international visitors.
Ontario is Canada's national financial centre, with some 12,000 financial services firms offering a broad spectrum of services, from retail banking and lending to wealth management and payment processing. Banks represent the largest portion of Ontario's financial services segment, accounting for almost half of the sector's total GDP.
With one of the highest concentrations of banks, capital markets and insurance firms in the world, Ontario is Canada's financial services capital.
Our financial services sector, located primarily in Toronto, generates approximately $60 billion in GDP - about 10% of Ontario's total GDP – and employs about 359,000 people.
Ontario's financial services sector grows faster than the average benchmark of the Canadian economy and accounts for more than half of the country's financial services output.
Ontario's Toronto region is home to:
Thinking of coming to Ontario? You'll be right in the financial heart of the country with a diverse cluster of companies offering a comprehensive range of services. For banks and those that serve the financial services industry, Ontario is simply the best place in the world to do business.
Source: Statistics Canada, IDC, MEDG Analysis – Financial Services Placemat
Why are the world's banks coming to Ontario? To tap into significant market opportunities in the province's diverse communities and vibrant business sector.
Banks that set up shop in Ontario are right in the midst of a large, culturally diverse base of consumers, small and mid-sized businesses, large corporations, governments, institutional investors, and non-profit organizations.
Banks from all over the globe are choosing to do business in Ontario.
Banks feel secure doing business in Ontario, which consistently wins high praise for the strength and stability of its banking system.
Thanks to judicious regulation and rigorous oversight, Canada's banks successfully navigated the global financial crisis. In its 2014 financial stability assessment, the International Monetary Fund concluded that Canada's major financial institutions would continue to be "resilient to credit liquidity and contagion risks arising from a severe stress scenario."
Located in Toronto, Ontario, Canada's banking system is a global model for safety and stability.
It's easy to find the right people in Ontario. The financial services sector alone boasts a highly educated, skilled and multilingual workforce of 359,000.
With a vast pool of talent and a strong post-secondary network training the next generation of financial services professionals, Ontario has the right people for your business.
Ontario's talent pool includes:
Banks in Ontario benefit from the province's cultural and linguistic diversity.
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All figures are in Canadian dollars unless otherwise noted. Information is accurate at the time of publication.