Toronto is the largest city in Canada and the provincial capital of Ontario. It is located in Southern Ontario on the northwestern shore of Lake Ontario. With over 2.5 million residents, it is the fifth most populous municipality in North America. As Canada's economic capital, Toronto is considered an alpha world city by the Globalization and World Cities (GaWC) study group and is one of the top financial centres in the world Toronto's leading economic sectors include finance, business services, telecommunications, aerospace, transportation, media, arts, film, television production, publishing, software production, medical research, education, tourism and sports industries.