Ontario is Canada's second largest province, covering more than one million square kilometers (415,000 square miles). More than 12 million people live in Ontario.
The province is one of the industrial giants within North America. In fact, half of Canada's industrial research and development is carried out in this province.
Toronto, the capital of Ontario, is the centre of Canada's financial services and banking industry. Suburban cities in the Greater Toronto Area like Brampton, Mississauga and Vaughan are large product distribution centers, in addition to having automobile and other manufacturing industries. The information technology sector is also important, particularly in Markham, Waterloo and Ottawa, Canada's capital. Hamilton is the largest steel manufacturing city in Canada and Sarnia is the centre for petrochemical production. Construction employs at least 7% of the work force, and this sector has thrived over the last ten years due to steadily increasing new house and condominium construction. Mining and the forest products industry are vital to the economy of Northern Ontario. Tourism plays a key role in border cities with large casinos, among them Windsor and Niagara Falls which attract more than 18 million visitors a year.
Ontario's competitive taxes, research and development incentives, and excellent infrastructure all contribute to the province's positive environment for innovation.
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