Name 3 things Toronto depends on for its economy.?

Question

Name 3 things Toronto depends on for its economy.?

Answer 1

The Toronto economy is diverse and intensively developed. Toronto is the undisputed economic heart of Canada. Many people on the fringes of the city work in basic manufacturing and create solid goods that are traded domestically and exported. Toronto is also the capital of the Canadian financial services industry, and the third most important financial services centre in North America (after New York and Chicago).

Most Canadian companies keep their head offices in Toronto, providing the city with a very high corporate profile. High-tech industrial development abounds throughout the Toronto area, from thousands of software development startups to aircraft design. As well as these new-wave economic engines, there are more traditional ways of modern life, such as farming, government employ and all kinds of services and management.

One of the most important industries in the Toronto area is the media. Magazines, newspapers (the city is served by 4 dailies and countless special-interest publications), television (up to 10 local stations in many languages), film, business communications, telecommunications industries and all kinds of production make Toronto the most important producer and most crucial media market in the country, and in turn one of the more important centres in the English-speaking world.

Forbes Magazine rated Toronto 8th-best in North America for investment and business. This is true despite the high taxes prevalent in Canada (used for extensive social programmes, including universal-access, high-quality medicare).

It's not necessarily a good thing to get onto this list, though. That Toronto was able to compete for this "rank" with economic powerhouses in the United States is remarkable. American cities often achieve their business-friendly attitudes at tragic cost to their populations. They win their ratings as a result of poor or non-existent planning, endemic poverty (resulting in high crime but artificially low labour costs), violent social tensions, decaying public infrastructure and corrupt municipal structures. Torontonians appreciate these differences: they don't want reductions in true "quality of life" for the vast majority of people.

http://pages.interlog.com/~gilgames/tosk...

Answer 2

....................

wow i never really thought about that