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Economy

Toronto routinely ranks at the top when it comes to global competitiveness, innovation, and quality of life, making it one of the best places in the world to conduct business. Few cities in the world can provide such depth of talent, multi-sector competence, and a strong economic and financial engine. 11% of Canada's GDP is made up by the City of Toronto.

The sectors in which most people work are the following: financial services, real estate, wholesale and retail trade and education. 

Some of the biggest employers in Toronto

CIBC

The Canadian Imperial Bank of Commerce is a banking and financial services company headquartered in Toronto. It currently employs about 15 000 people, making it the biggest employer of the city of Toronto. 

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Magna International

Magna International is a Canadian parts manufacturer for automakers. It is one of the biggest companies of Canada and employs about 11 500 people in Toronto.

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Toronto District School Board 

Scotiabank

The Bank of Nova Scotia (Scotiabank), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. It currently has apr. 14 400 employers.

Rogers

Rogers Communications Inc. is a Canadian communications and media corporation that primarily operates in wireless communications, cable television, telephone, and the Internet, but also has major telecoms and mass media holdings. Rogers' headquarters are in Toronto, Ontario, with around 10 000 employees.

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The Toronto District School Board is the English-language public-secular school board for Toronto, Ontario, Canada. It employs around 5500 people.

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The full list is the following: 

  1.  CIBC = 15,000 (bank)

  2. Scotiabank = 14,400 (bank)

  3. Magna International = 11,500 (manufacturer)

  4. Rogers = 10,000 (media)

  5. Bank of Montreal = 9,000 (bank)

  6. Bell Canada = 7,900 (telecommunications)

  7. TD Bank = 6,100 (bank)

  8. Toronto School Board District = 5,500

  9. Deloitte  = 4,000 (professional services network)

  10. Hudson's Bay Company = 4,100 (retail group)

  11. Telus = 4, 000 (telecommunications)

  12. Air Canada = 3,100 (airline)

  13. Toronto Transit Commission =  2,500 (public transport agency)

  14. Bombardier Inc. = 2,030 (manufacturer)

Small companies created 41.5 percent of the private sector's gross domestic product in 2014, medium-sized firms contributed 11.0 percent, and big businesses contributed 47.5 percent.

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