Mississauga City is situated in Southern Ontario in the western part of the GTA, or Greater Toronto Area, and part of the Regional Municipality of Peel. The city has doubled its population every decade for the past two decades and continues to grow. The city of Mississauga is the 3rd most heavily populated city on the Great Lakes and Canada's 6th most densely inhabited municipality with a population of 734,000. Between 1986 and 1991, Mississauga City had the largest growth in population of any Canadian city. Population growth has slowed a bit since then, even if a sustained growth in population continues. People of the city of Mississauga are referred to as Mississaugans.
Mississauga's growth is primarily because of its history as a Toronto suburb. However, Mississauga City is no mere bedroom community. The municipality has extensive corporate and industrial development, providing plenty of employment opportunities. The city has succeeded in creating a distinctive image for itself over the last decade. An international architectural design competition held in 2006 for two condominium towers, called Absolute World, created an iconic landmark for Mississauga City. The towers, that are near completion, are the tallest to be found in any Canadian suburban city.
Mississauga is very accessible to major domestic markets in addition to markets in Northeastern and Midwestern United States. Toronto Pearson International Airport is situated there, and five major freeways pass through the city. Mississauga's big corporate/financial district has the Canadian headquarters of such major international Fortune 500 companies as Fujitsu, General Electric, Hewlett-Packard, Wal-Mart Canada, Microsoft, PepsiCo, Siemens, and Intuit Canada. In truth, more than sixty of the Fortune 500 base their Canadian or international head offices in this city.
The various industries which are supported in the city include banking and finance, pharmaceuticals, electronics and computers, equipment industries and transportation parts. In the financial sector, the major employers include Citibank Canada, and its two corporate IT development centres, and TD Bank Financial, with its three Corporate IT development centres. Retail is another strong sector. Mississauga boasts the second-largest shopping mall of the Greater Toronto Area, Square One Shopping Centre. Mississauga City is presently without debt, even if it may need to borrow money for new capital projects in 2012.
The city of Mississauga has the head office of several airlines including Air Georgian, Kam Air and Air Canada Jazz, which operates a regional office in Mississauga.