Home | Settlement G | Greater Toronto Area
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Economically, the Greater Toronto Area is responsible for generating one-fifth of the gross domestic product of Canada and home to nearly 40 per cent of Canadian corporate headquarters. The region's GDP is higher than the province of Quebec, being worth $323 billion. While Toronto remains central to the largest of the business centres, including the five largest banks of Canada, cities and towns outside of Toronto have increasingly become home to several industries. Some sectors also based outside of Toronto in the Greater Toronto Area include automotive manufacturing, wholesale and retail, software production, information technology, telecommunications, sports, education, agriculture, mining, construction, and engineering. The backbone of transportation in the area is Highway 401, the busiest roadway in North America and among the busiest in the world. The area is also home to five public research universities and six community colleges. The Greater Toronto Area is different from the Census Metropolitan Area of Toronto, which covers a smaller region. As of early 21st century, the regional span of the Greater Toronto Area has been extended to include the city of Hamilton, Ontario and its surrounding region, to form the Greater Toronto and Hamilton Area, an urban area which has a total population ranked among the top-50 in the world. The GTA is the largest metropolitan area in the Canadian side of the Great Lakes Peninsula. Toronto is the largest city of the Canadian side of the Great Lakes. |