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Winnipeg is famous for its arts and culture, particularly its independent films and murals. A careful observation of its suburban and downtown areas can show painted murals on the sides. Paintings consist of historical paintings, downtown beautification projects, school art projects and fire hydrants. The film community is a good thing to pay attention to, as it has hosted a lot of Hollywood productions, like for instance Shall We Dance?, The Assassination of Jesse James by the Coward Robert Ford, the Oscar nominated film Capote, Horsemen and X2. Several nationally-televised dramas were also filmed within the city of Winnipeg. Among the more famous ones are the Eagle Vision, Les Productions Rivard, Frantic Films and Buffalo Gal Pictures.

For individuals who enjoy live theatre, they could go to the Manitoba Theatre for Young People, Manitoba Children's Museum, and the Winnipeg International Children's Festival. There are also lots of museums and art galleries to take in, like for example: the Manitoba Museum, the Canadian Museum for Human Rights and the Winnipeg Art Gallery. Theatre lovers could visit Le Cercle Moliere, Manitoba Theatre, and Shakespeare in the Ruins. Winnipeg also has a dynamic musical community. The Winnipeg Symphony Orchestra is the biggest and oldest professional musical ensemble within Winnipeg. The Royal Winnipeg Ballet is the oldest ballet company in North America. It is likewise the longest continuously operating ballet company within the area.

Winnipeg has a lot of festivals celebrated each and every year. Festival du Voyageur is western Canada's biggest winter festival. It honors the early French explorers of the Red River Valley. Folklorama is the largest running cultural festival in the world. The Winnipeg International Writers Festival brings all writers from around the world for readings and workshops.

Winnipeg boasts a lot of industrial sectors as part of its economy, consisting of: tourism, retail, culture, government, culture, industry, beverage production, transportation, and manufacturing businesses. The Canadian Business magazine ranked Winnipeg, among the top ten cities for business during the years 2003 and 2004. It was also ranked by KPMG as one of the places which has the lowest costs when doing business within Canada.