Toronto is the most populous city in Canada and the provincial capital of Ontario. With a population in 2016 of 2,731,571, it is the fourth most populous city in North America after Mexico City, New York City, and Los Angeles. Toronto is the centre of the Greater Toronto Area, the most populous metropolitan area in Canada, and anchors the Golden Horseshoe, a heavily urbanized region that is home to 9.2 million people, or over 26% of the population of Canada. A global city, Toronto is an international centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world. 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.