Ontario

Ontario's river

While Canadians celebrate their country on July 1st, at Encore Travel we wanted to dedicate the entire month to the country with the maple leaf.

Every week, we offer you to (re)discover the provinces of the country. Welcome to Canada Month!

Week 3 – Ontario, where the cities meet nature

Nobody is really sure about the exact translation of “Ontario”.  We know that “Ontario” comes from an Iroquois word meaning beautiful water, beautiful lake or big body of water.

Ontario is Canada’s second largest province, covering more than 1 million square kilometres (415,000 square miles). It’s larger than France and Spain combined! Ontario contains one-fifth of the world’s fresh water, in more than 250,000 lakes.

The official language of Ontario is English, and there are several French-speaking communities across the province. French language rights have been extended to the province’s legal and educational systems.

Most Ontario cities and towns have carefully preserved historic buildings. Some towns, like Niagara-on-the-Lake and Elora, make a special effort to preserve their history. Toronto’s legislative building and Ottawa’s parliament building well travelled through times. From a wilderness expedition in the north, to a “shop till you drop into your theatre seat” city excursion, Ontario offers various experiences to travellers.

Here is a fun fact for you: the comic book character “Superman” was first drawn by comic artist Joe Schuster, who was born in Toronto.

Provincial profile

Source : investcanada.ca

Ontario lies in the core of the North American Free Trade area, which includes more than 460 million people and generates a combined gross domestic product of more than $18 trillion.

From bustling urban centres, iconic destinations, and culturally diverse neighbourhoods to majestic lake shorelines, you’ll discover game-changing start-ups, multinational leaders and highly regarded academic institutions in Canada’s largest province. Ontario provides vast opportunity for businesses keen to grow and acquire an abundance of sophisticated talent to come up with breakthrough concepts and technologies. As the largest IT region in North America outside of Silicon Valley, you can collaborate with universities, R&D facilities, and a network of incubators and accelerators to quickly drive innovation from lab to market.

Industry insights

Home to the largest manufacturing sectors in North America, Ontario is driving the future of intelligent transportation. Based in Ontario, the Advanced Manufacturing Supercluster will contribute to the next-generation of manufacturing capabilities, incorporating advanced robotics, 3D printing, cybersecurity and artificial intelligence.

As the centre of Canada’s financial services industry, investors will find a rapidly growing fintech companies with expertise in digital banking, mobile payments, cybersecurity, and trading analytics.

Leading in programs and policies that support clean technology solutions, Ontario has become home to a critical mass of cleantech companies. Combined with a global demand for clean water solutions and proximity to large bodies of freshwater, this province is home to a large concentration of the water innovation ecosystem.

Spotlights on Ottawa and Toronto

Ottawa

Ottawa is the capital of Canada located in the province of Ontario. The National Capital Region includes the City of Ottawa in Ontario and the City of Gatineau in Québec. The region has a population of 1.3 million.

For decades, Ottawa has been a global tech leader in Canada’s industrial telecommunications research and development. Today, the nation’s capital is home to Canada’s largest technology park. As a G7 capital, Ottawa is the political heartbeat of Canada with proximity to a large concentration of policy makers, government departments, and direct access to 130 embassies and 65 federal research labs.

Ottawa is home to three national Networks of Centres of Excellence (NCE). The networks include; the Stem Cell Network, Biotherapeutics for Cancer Treatment (BioCanRx) and the Center of Excellence for Next Generation Networks (CENGN).

Location for key players in the 5G revolution and equipped with the right caliber of talent, Ford Motor, Blackberry QNX, and Apple are some of the companies actively working on autonomous vehicles in the nation’s capital.

Ottawa is home to Canada’s first enterprise SaaS accelerator (L-SPARK), and leading Canadian SaaS conference (SaaS North), making the city a prominent destination for global innovation and talent.

Toronto

Toronto is the capital city of the province of Ontario. The Toronto Region represents the Cities of Toronto, Mississauga, and Brampton, and the Regional Municipalities of York, Durham and Halton, with a regional population of over 6.4 million. Toronto is the most multicultural city in the world. With a strong transit system, and growing prominence as a start-up hub, the Toronto Region offers urban, suburban and rural investment opportunities.

Representing the fourth largest city in North America, the region’s talent pool draws on high-quality expertise needed for expanding businesses. Toronto also has a high concentration of cultural facilities such as major sporting and performing arts venues, museums, and a diverse local arts scene – featuring activities and business events around every corner.

As Canada’s financial capital, the Toronto Region is the second largest and fastest growing financial services centre in North America. With a strong concentration of technology and financial companies, Toronto offers a foundation for growth and development in a vibrant FinTech ecosystem.

Artificial intelligence, machine learning or big data, technology that is teaching computers to think is dominating the next wave of digital technology. Encompassing global players such as Uber and Samsung, alongside Vector Institute, which aims to produce the world’s largest number of deep learning graduates, Toronto is poised to be a major player in the future of technology.

Representing the most diverse city in the world with 51% of the population being foreign-born, the Toronto Region is home to over 240 ethnic groups speaking over 170 languages, offering businesses a multilingual and highly skilled talent pool. With 11 colleges and universities across the region, Toronto boasts an exceptional range of highly-ranked post-secondary institutions that produce precisely the kind of talent international businesses need to gain a competitive edge.

Sources:

http://www.investcanada.ca/locations/ontario

https://www.ontario.ca/page/about-ontario

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