This briefing details the strides made in Toronto’s finance and insurance sector. This sector is the fastest growing and second largest in North America based on the number of people employed.
Toronto’s Global Financial Centre: Driving Economic Growth
Toronto’s Global Financial Centre: Driving Economic Growth
Industry Economic Analysis
Urban City Economic Analysis
$0.00
The finance and insurance sector is one of the largest contributors to gross domestic product (GDP) in Canada. GDP growth in the sector has outpaced the averages of all sectors in Toronto and Ontario from 2010 to 2019 and in Canada from 2011 to 2020. In addition, employment growth has also outpaced that of all sectors in Toronto from 2010 to 2019 and in Ontario and Canada from 2011 to 2020.
Toronto’s Global Financial Centre: Driving Economic Growth details the impressive strides made in Canada’s finance and insurance sector. In fact, Toronto’s financial sector is the fastest growing and second largest in North America based on the number of people employed. Canada’s five largest banks are also among the 30 largest banks in the world based on market capitalization. Together, they hold over $2.2 trillion in assets under management.
Customers Who Downloaded This Also Liked
12 min read
10 min read
3 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
Effective January 26, 2026, AERIC Inc./Signal49 Research discontinued use of ‘The Conference Board of Canada’ name, logo and branding, which had been used by AERIC Inc./Signal49 Research under license from The Conference Board, Inc. The Conference Board, Inc. and its licensees, which are not affiliated with Signal49 Research, own all right, title and interest in THE CONFERENCE BOARD name and trademarks in Canada and have the exclusive right to their use in Canada since January 26, 2026.
