Rated as one of the most livable and multicultural cities in the entire world, Toronto, Ontario boasts a population of approximately 2,700,000. It is the capital of the Canadian province of Ontario, and the most populated city in Canada https://en.wikipedia.org/wiki/Toronto. Furthermore, the diverse population of Toronto is a headquarter for immigrants to Canada. Each year, newcomers from all around the world choose Toronto as their new home. With that said, more than 50% of Toronto residents belong to a visible minority, representing over 200 distinct ethnicities.
Toronto is known as an international keystone of finance, business, culture, and arts. It is home to the Toronto Stock Exchange, and also the main headquarters for the “Big Five”, which is comprised of the five largest banks in Canada. Many large Canadian and multinational corporations also have their head offices in Toronto. Moreover, Toronto has a very diverse economy, with main sectors in financial, technology, life sciences, education, food services, tourism, design, arts, fashion, environmental innovation, and business services.
In a recent study released by Startup Blink https://www.startupblink.com/ Toronto ranked 15 of 1,000 cities for business start-up potential. The criteria which determined the ranking were based on 3 key factors: number of start-ups, quality of start-ups, and the environment that is conducive for business growth.