Provincial Profile: Ontario

Key Sectors

Leaders across industries are drawn to Ontario as a sound and stable place to do business. In addition to its solid record of economic growth, Ontario is renowned for its highly skilled and reliable workforce, environment of innovation, proximity to market, competitive business costs, and high quality of life. Ontario is a recognized global leader in innovative high tech sectors. For example, Ontario has the second largest IT cluster in North America, comprised of approximately 19,000 innovative companies. The province also has one of the largest life sciences sectors in North America, with over 1600 firms operating.

Aerospace Ontario’s aerospace industry is a diverse ecosystem of over 200 local and foreign companies that are succeeding on a global scale and supplying components to more than 125 aerospace programs around the world.

Automotive Ontario is a leading high-quality, auto-producing jurisdiction. It is home to the top five auto assemblers,700+ parts suppliers and 500+ tool, die and mould makers.

Financial services Generating $54 billion in GDP, Ontario’s financial services sector is the third largest in North America. More than 12,000 firms across Ontario employ about 350,000 people.

Demographics

Capital • Toronto

Population • 13,678,700

(Statistics Canada, 2014)

Area • 917,741 square km• 354 341 square miles (Statistics Canada)

Government • Ontario Premier Kathleen

Wynne (Liberal)

Currency • $1 CAD = 0.80 USD • $1 USD = 0.88 EUR (February 20, 2015)

Labour force (Jan 2015) • 7,393,300• 65.3% participation rate• 6.9% unemployment rate

Trade and Investment

Total international goods exports (Jan 2014 to Jan 2015):

• $177.2 billion

Top five international goods exports (Jan 2014 to Jan 2015):

• Motor vehicles ($60.042 billion)

• Precious metals and stones ($19.791 billion)

• Mechanical Equipment ($16.217 billion)

• Electrical machinery ($6.569 billion)

• Plastic products ($6.41 billion)

Contact Us

Ontario Ministry of Economic Development, Employment and Infrastructure

International 1-416-313-3469 North America 1-800-819-8701 info@investinontario.com

YOUR NEXT BIG IDEA

HERE’S

Food processing Food manufacturing in Ontario is a $35 billion industry with 94,000 people working at more than 3,000 companies.

Information technology Apple, Facebook, Google and Microsoft are just some of the big names that have come to Ontario to take advantage of its highly educated and talented workforce, low business costs, and innovative environment.

Life sciences Ontario’s life sciences sector is the largest in Canada, bringing in $37.2 billion in revenue and employing 51,000 people.

Mining Ontario is a global mining industry hub, and the largest mineral producer in Canada. Opportunities abound for mining supply and services companies located in Ontario.

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