Toronto, One of the World’s Best Places to Live
Located on the shores of Lake Ontario, Toronto is the economic capital of Canada. It is also known to be one of the world’s most important financial centers. The economy of the city is the basis for its success. Its varied business interest include sports, finance, tourism, business service, education, telecommunications, medical research, aerospace, software production, media, publishing, transportation, television production, media, film and arts. Additional, the city is home to the world’s seventh biggest stock exchage, the Toronto Stock Exchange.
Toronto has an interesting mix of demographics. It is a very international town and has many immigrants. In fact, nearly 50% of its citizens were born outside of the country of Canada. This may be due to the fact that it is often ranked among the best places to live in the world. This ranking is based on its low crime rates, high standard of living, clean environment and ethnically diverse attitude.
The area the city is built on was originally lived on by the Huron’s, a native tribe. , however, the Iroquois had lived in the area for centuries and the name Toronto is most likely from an Iroquois word tkaronto which meant ‘place where trees stand in the water. The city was incorporated in 1834 and has seen a rise in popularity and population ever since.
Travel guides often say that culturally, the city is important to Canada. It is a center for performing arts and has many ballet companies, opera groups, two symphonies and many theaters. It holds several major festivals each year, including the Toronto international film festival which is known the world over.
Toronto is perhaps the most important city in all of Canada. With is rich cultural life, varied economic enterprises and more, the city is a meca for travel and immigrants alike.