Car Loans GTA

The Greater Toronto Area (locally abbreviated as the GTA) is the most populous metropolitan area in Canada. With a 2006 census population of 5.9 million, the GTA consists of the City of Toronto and the surrounding regional municipalities of Durham, Halton, Peel and York. The entire region is larger than Prince Edward Island and has an identity different from the rest of the province.

The term GTA only came into use in the mid-1990s, after it was used in a widely discussed report on municipal governance restructuring in the region. The GTA is a provincial planning area in Southern Ontario and is part of the inner ring of the Greater Golden Horseshoe.

Greater Toronto is a commercial, distribution, financial and economic centre, being the third largest financial centre in North America. The work force is made up of approximately 2.9 million people and more than 100,000 companies The Greater Toronto Area currently produces nearly 20% of the entire nation's GDP with $323 Billion, and from 1992 to 2002, has experienced an average GDP growth rate of 4.0% and a job creation rate of 2.4% (compared to the national average GDP growth rate of 3% and job creation rate of 1.6%). The Greater Toronto Area also is home to 40% of Canadian business headquarters. Currently, over 51% of the labour force in the Greater Toronto Area is employed in the service sector, with 19% in the manufacturing, 17% of the labour force employed in wholesale & retail trade, 8% of the labour force involved in transportation, communication &utilities, and 5% of the workforce is involved in construction. Despite the fact that the service industry makes up only 51% of Greater Toronto's workforce, over 72% of the region's GDP is generated by service industries. From Wikipedia, the free encyclopedia.