The Greater Toronto Area is a commercial distribution financial and economic centre being the second largest financial centre in North America the region generates about a fifth of Canada's GDP and is home to 40% of Canada's business headquarters the economies of the municipalities in Greater Toronto are largely intertwined the work force is made up of approximately 2.9 million people and more than 100,000 companies the Greater Toronto Area produces nearly 20% of the entire nation's GDP with $323 Billion and from 1992 to 2002 experienced an average GDP growth rate of 4.0% and a job creation rate of 2.4% (compared to the national average GDP growth rate of 3% and job creation rate of 1.6%) A worker at Oakville Assembly installs a battery on a Ford Flex in 2010 the automotive industry accounted for roughly 10 percent of Greater Toronto's GDP In 2010 over 51% of the labour force in the Greater Toronto Area is employed in the service sector with 19% in the manufacturing 17% of the labour force employed in wholesale & retail trade 8% of the labour force involved in transportation communication & utilities and 5% of the workforce is involved in construction. Despite the fact the service industry makes up only 51% of Greater Toronto's workforce over 72% of the region's GDP is generated by service industries The largest industry in the Greater Toronto Area is the financial services in the province accounting for an estimated 25% of the region's GDP. Notably the five largest banks in Canada all have their operational headquarters in Toronto's Financial District. Toronto is also home to the headquarters of the Toronto Stock Exchange and the Standard and Poor TSX Composite Index and offices of the TSX Venture Exchange the TMX Group the owners and operators of TSX Exchanges as well as the Montreal Exchange are also headquartered in Toronto the TSX and the TSX Venture Exchange represent 3,369 companies including more than half of the world's publicly traded mining companies Markham also attracted the highest concentration of high tech companies in Canada and because of it has positioned itself as Canada's High-Tech Capital the Greater Toronto Area is the second largest automotive centre in North America (after Detroit) Currently,[when?] General Motors Ford and Chrysler run six assembly plants in the area with Honda and Toyota having assembly plants just outside the GTA General Motors Ford Honda KIA Mazda Suzuki Nissan Volkswagen Toyota Hyundai Aston Martin Jaguar Land Rover Subaru Volvo BMW and Mitsubishi have chosen the Greater Toronto Area for their Canadian headquarters. Magna International the world's most diversified car supplier, also has its headquarters in Aurora the automobile industry within the region accounts for roughly 10% of the region's GDP Agriculture. . . 3.7 Human Development Report 4.1 Primary sector, A map highlighting the Canadas with Upper Canada in orange and Lower Canada in green in 1841 the two colonies were united to form the Province of Canada Although both rebellions were put down in short order the British government sent Lord Durham to investigate the causes He recommended self-government be granted and Lower and Upper Canada be re-joined in an attempt to assimilate the French Canadians Accordingly the two colonies were merged into the Province of Canada by the Act of Union 1840 with the capital at Kingston and Upper Canada becoming known as Canada West. Parliamentary self-government was granted in 1848 There were heavy waves of immigration in the 1840s and the population of Canada West more than doubled by 1851 over the previous decade As a result for the first time the English-speaking population of Canada West surpassed the French-speaking population of Canada East tilting the representative balance of power An economic boom in the 1850s coincided with railway expansion across the province further increasing the economic strength of Central Canada With the repeal of the Corn Laws and a reciprocity agreement in place with the United States various industries such as timber mining farming and alcohol distilling benefited tremendously A political stalemate between the French- and English-speaking legislators as well as fear of aggression from the United States during and immediately after the American Civil War led the political elite to hold a series of conferences in the 1860s to effect a broader federal union of all British North American colonies the British North America Act took effect on July 1 1867 establishing the Dominion of Canada initially with four provinces: Nova Scotia New Brunswick Quebec and Ontario the Province of Canada was divided into Ontario and Quebec so that each linguistic group would have its own province Both Quebec and Ontario were required by section 93 of the British North America Act to safeguard existing educational rights and privileges of Protestant and the Catholic minority Thus separate Catholic schools and school boards were permitted in Ontario However neither province had a constitutional requirement to protect its French- or English-speaking minority Toronto was formally established as Ontario's provincial capital Provincehood.
. !
Superior Auto Body