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The Toronto Stock Exchange
Toronto
Toronto, Canada’s second largest city, is a city of paradox.
It is a city of modern progress in the best tradition of the New World, but
at the same time it is a cautious, conservative community which still holds
sacred many of the traditions inherited largely from the English, Scottish and
Irish progenitors of its present population.
A city of big business, it has all the physical attributes of a metropolis,
but retains the character, temperament and homeliness of a small town.
It boasts big hotels, great apartment houses, and scores of restaurants, but
more than half of its population own their own homes — and go there to dine.
Toronto pulses with the vitality of new growth but its pace is more leisurely
than that of comparable United States cities. Its sophistication is softened by
the influence of the vast farming areas which surround it. It isa city of great
wealth but little ostentation. Most of its citizens are average middle class
Canadians and it has no abject poverty.
Its people have a reputation for being chilly and aloof toward strangers.
They are not indifferent but merely diffident, and newcomers gradually discover
a city of warm spirit. Dominating its cultural life is the University of Toronto
embracing many colleges with an enrolment of nearly 20,000 students. Music,
art and drama are an important part of its community life and a great number
of churches of every denomination is evidence of the religious background of
Torontonians.
The city itself is modern enough to have, now under construction, Canada’s
first underground transit system, but it is only a few hours away by motor car
or train from the vast unspoiled lake and forest playgrounds of Ontario.
In its downtown area it boasts tall skyscrapers and the British Empire’s
largest hotel. It is a great distribution and warehousing centre; it has more
than 3,500 industries and the influence of its financial institutions is felt in the
markets of the world. Yet, Toronto is pre-eminently a city of homes and
gardens — a city of broad, clean streets, abundant parks, interesting archi-
tecture and of a friendly hospitality that is sufficiently reserved to avoid
‘’glad-handing’”’.
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