Capitalising on competitive assets

The Toronto region has the largest metropolitan economy in Canada, as noted in Chapter 1. It is home to a variety of economic sectors with strong export performance, both in manufacturing (the automobile industry, food industry, information and communication technologies, or ICT, and aerospace) and services (particularly financial and professional services), and it is the headquarters for by far the largest number of large companies in Canada. It houses a range of renowned universities and research institutes, and it attracts around 40% of the immigrants who arrive in the country every year.