Toronto, that is derived from the Iroquois word 'tkaronto' means "place where trees stand in the water." In the 19th century, a large-scale sewage system was built, illuminating the streets with gas lighting as a regular service. Long-distance railway lines were likewise constructed, comprising the Northern Railway of Canada and the Grand Trunk Railway. The dramatic increase of these railways has dramatically increased the number of immigrants who settled within the area. Following WWII, construction workers from Portugal and Italy, job-finders from China and refugees from war-torn Europe arrived. Elimination of racial immigration policies by the late 1960's have increased Toronto's population to over one million during the year 1951. By the 1980's, Toronto's population became much bigger than Montreal, and in the year 1954, the City of Toronto and other twelve nearby municipalities were federated into a regional government called Metropolitan Toronto.
The city of Toronto has more than 50 dance and ballet companies, six opera companies, two symphony orchestras, and numerous theatres. The City houses the Toronto Symphony Orchestra, National Ballet of Canada, the Canadian Opera Company and the Canadian Stage Company. Other famous sites consist of: Sony Centre for the Performing Arts, Toronto Centre for the Arts, the Elgin and Winter Garden Theatre, Four Seasons Centre for the Performing Arts, the Princess Wales Theatre, Roy Thomson Hall and the Royal Alexandra Theatre. Ontario Place is proud of Cinesphere, the globe's very first permanent IMAX movie theatre. Molson Ampitheatre is an open-air place utilized for large scale music concerts. The Canadian Stage Company also presents an outdoor Shakespeare production in Toronto's High Park known as "Dream in the Park" each and every summertime. Canada also has a Walk of Fame that recognizes successful Canadians. The Distillery District is a pedestrian village which has numerous art studios, boutiques, restaurants, art galleries, small breweries, comprising the popular Mill Street Brewery. The Young Centre for the Performing Arts is home to the Soulpepper Theatre Company and the drama productions of George Brown College.
One of the more luxurious and elegant dining and shopping places could be found within the Yorkville neighbourhood. Several international celebrities could be spotted in this area, especially all through the Toronto International Film Festival. The Toronto Eaton Centre is likewise of the very best shopping destinations in North America, drawing over fifty-two million visitors and tourists each and every year. Greektown (Danforth) is also another major tourist attraction. It has one of the largest number of restaurants for every kilometer in the globe, and is also home to the yearly "Taste of the Danforth" festival which attracts over one million people every couple of days.
The city of Toronto is home to all of the big five Canadian Banks: Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce. Toronto is a driving centre for publishing, the production of films, information technology, telecommunications and media industry. Thompson Corporation, Celestica, Rogers Communication, and CTVglobemedia are situated here, as well as Manulife Financial, Sun Life Financial, Hudson's Bay Company and Four Season's Hotels. Toronto is likewise a distribution point for the industrial sector. Quebec City-Windsor Corridor's extensive rail and road connections support the nearby production of paper, chemicals, food, machinery, motor vehicles, steel and iron.