it is home to a variety of economic sectors with strong export performance both in manufacturing the automobile industry food industry information and communication technologies or ict and aerospace and services particularly financial and professional services and it is the headquarters for by far the largest number of large companies in canada it houses a range of renowned universities and research institutes and it attracts around of the immigrants who arrive in the country every year the toronto region also has an enviable reputation for quality of life and has positioned itself as canada s main economic centre thanks to demographic and economic growth since the s s