Toronto is the capital of the Canadian province of Ontario. It is located within the Golden Horseshoe in Southern Ontario on the northern shore of Lake Ontario. With 2,731,571 residents in 2016, it is the largest city in Canada by population. In 2016 the Toronto census metropolitan area had a population of 5,928,040.
The diverse population of Toronto reflects its current and historical role as an important destination for immigrants to Canada, with over 50 percent of residents belonging to a visible minority population group,and over 200 distinct ethnic origins represented among its inhabitants.
Toronto is a centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world.
Toronto is an international centre for business and finance. Generally considered the financial capital of Canada. The city is home to the Toronto Stock Exchange, the headquarters of Canada's five largest banks, and the headquarters of many large Canadian and multinational corporations. Its economy is highly diversified with strengths in technology, design, financial services, life sciences, education, arts, fashion, business services, environmental innovation, food services, and tourism. Although much of the region's manufacturing activities take place outside the city limits, Toronto continues to be a wholesale and distribution point for the industrial sector.