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Toronto is the largest metropolitan in Canada and is the provincial capital of Ontario. It is located in Southern Ontario on the north-western shore of Lake Ontario. With over 2.5 million inhabitants, it is the 5th most heavily populated metropolis in North America. Toronto is at the nub of the Greater Toronto Area (GTA), and is part of a tightly inhabited region in Southern Ontario known as the Golden Horseshoe, which is home to 8.1 million inhabitants and holds nearly 25% of Canada's population. The census metropolitan area (CMA) had a population of over 5 million and the Greater Toronto Area had a population of almost 6 million in the 2006 Census.
As Canada's financial capital, Toronto is considered an international city and is one of the top economic hubs in the world. Toronto's top financial sectors include finance, business services, telecommunications, aerospace, transportation, media, arts, film, television production, publishing, software production, medical research, education, tourism and sports industries. The Toronto Stock Exchange, the world's seventh largest, is headquartered in the city, along with most of Canada's companies.
Toronto's population is broad-based and international, reflecting its role as an important target for immigrants to Canada. Toronto is one of the world's most diverse cities by percentage of non-native-born inhabitants, as about 49% of the population was born outside of Canada. Because of the city's low crime rate, clean environment, high standard of living, and friendly attitude towards diversity, Toronto is consistently rated as one of the world's most liveable cities by the Economist Intelligence Unit and the Mercer Quality of Living Survey. In addition, Toronto was ranked as the most pricy Canadian city in which to live in 2006. Residents of Toronto are called Torontonians.
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