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In Peterborough city Ontario, the largest operations consist of Quaker Oats and General Electric. Nevertheless, Peterborough Regional Health Centre is now the biggest business, with about 2,000 or more staff. Various main economic drivers in the city consist of Trent University and the Ontario Ministry of Natural Resources.

The Trent-Severn Waterway is home to the biggest hydraulic lift lock, the Peterborough Lift Lock. The lock was opened during the year 1904. Situated within downtown Peterborough is Del Crary Park, that is home to the Peterborough Yacht Club. Del Crary Park is a large urban space on Little Lake which is home to the international Festival of Lights fireworks displays, while providing a great outdoor space to be able to hold outdoor events and concerts all through the summer months. The Riverview Park and Zoo is managed by the Peterborough Utilities Group. Admission is free, and everybody can access the disc golf courses, animal exhibits and miniature train rides. The Peterborough Skateboard park was constructed recently, and is considered to be amongst the biggest skateboard parks within Ontario. It has many various rails, ramps, and some half-pipes. For annual events, there are Artsweek, Downtown Countdown, Simcoe Day, Festival of Trees, and Peterborough Kinsmen Santa Claus Parade. Artsweek is a yearly celebration of the arts held in the month of September. Downtown Countdown is an alcohol/drug-free New Year's celebration. Festival of Trees is a benefit in support of local healthcare. It has a show of adorned Christmas trees together with various seasonally-themed displays in late November. Simcoe Day is Ontario's municipal holiday held during the first Monday of August. Peterborough Kinsmen Santa Claus Parade is held during the first Saturday of December at 5:00 pm.

In the city, there are lots of recreational places for the residents and visitors to enjoy, comprising: Peterborough Sport & Wellness Centre, Peterborough Marina, Millennium Park, Del Crary Park, Queen Alexandra Community Centre, youth programs in six neighbourhood centres, instructional sport programs, lifeguard supervision at six wading pools and two waterfront beaches, sports field scheduling on 110 fields, play programs at eight neighborhood parks, day camp activities, swimming lessons and public swims, senior Services, children's Programming, fitness and wellness initiatives.