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Toronto is a Canadian city located on
the northwestern shore of Lake Ontario, and is the provincial capital of
Ontario. Toronto is the 5th most populous municipality (population est.
2,613,900, July 1, 2005) in North America behind Mexico City, New York,
Los Angeles and Chicago. Toronto is a global city, exerting significant
regional and international influence, and is one of the most
multicultural and ethnically diverse cities in the world. It is Canada's
financial centre and economic engine, as well as one of the country's
most important cultural, artistic, and health sciences centres. Toronto
was named the world's most livable city in 1994 by The Economist. It was
displaced in 2005 by Vancouver, but is still ranked among the top ten.
[1] In January 2005, Toronto was designated by the federal government as
one of Canada's cultural capitals. The City of Toronto is part of the
Greater Toronto Area (GTA) (population est. 5,755,210 July 1, 2005), as
defined by provincial authorities for urban planning purposes. Toronto
is also at the centre of the Golden Horseshoe, a densely populated
region in south-central Ontario which is home to roughly eight million
people[citation needed], or one quarter of the population of Canada. The
six former municipalities of the former Metropolitan Toronto (dissolved)
were amalgamated into one municipality, and the former regional
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