Toronto, a prominent centre for music, theatre, motion picture production, television production, is home to the headquarters of Canada's major national broadcast networks and media outlets. Its varied cultural institutions, which include numerous museums, festivals and public events, entertainment districts, national historic sites, and sports activities, are key attractions to the over 25 million tourists that visit the city every year. 

Toronto is well known for its skyscrapers and high-rise buildings, in particular the tallest free-standing structure in the Western Hemisphere, the CN Tower. As Canada's commercial capital, the city is home to the Toronto Stock Exchange, the headquarters of Canada's five largest banks, and the headquarters of many large Canadian and multinational corporations. Its economy is highly diversified with strengths in technology, design, financial services, life sciences, education, arts, fashion, business services, environmental innovation, food services, and tourism.

Toronto is placed among the Global Leaders in the Global Financial Centres Index, and is also consistently rated as one of the world's most liveable cities by the Economist Intelligence Unit and the Mercer Quality of Living Survey.