Wood Gundy Inc. was a leading Canadian stock brokerage and investment banking firm. Founded in 1905, it was acquired by the Canadian Imperial Bank of Commerce in 1988 as it attempted to build an investment banking business. The Wood Gundy name was used extensively by the bank's investment banking arm, which was known as CIBC Wood Gundy until 1997. Today, CIBC's investment banking business is known as CIBC World Markets , and the name CIBC Wood Gundy is used as the brand for the bank's retail brokerage business.
132-605: Wood, Gundy & Company was established in Toronto, Ontario , in 1905 by George Herbert Wood and James Henry Gundy . The firm first specialized in the distribution and underwriting of government and municipal bonds. In 1919, the firm opened an office in New York City . Founded as a partnership, the firm incorporated in 1925. Following World War II , Wood Gundy expanded its operations, starting to underwrite and distribute securities of Canadian corporations. Continued growth
264-606: A " salad bowl " and as a " cultural mosaic ", in contrast to a " melting pot ". States that embody multicultural ideals have arguably existed since ancient times. The Achaemenid Empire founded by Cyrus the Great followed a policy of incorporating and tolerating various cultures. A historical example of multiculturalism was the Habsburg monarchy , which had broken up in 1918 and under whose roof many different ethnic, linguistic and religious groups lived together. The Habsburg rule
396-576: A buyer. CIBC purchased a 60 percent stake in Wood Gundy in June 1988 for C$ 110 million (US$ 86 million), representing a total value of the firm of C$ 183 (US$ 143 million). At the time of its acquisition, Wood Gundy was the leading Canadian investment dealer. Following the acquisition, CIBC formed CIBC Wood Gundy , which offered primarily asset management services for corporate and institutional clients. Two years later, in 1990, CIBC continued to expand in
528-755: A capital. In 1787, the British Lord Dorchester arranged for the Toronto Purchase with the Mississaugas of the New Credit First Nation, thereby securing more than a quarter of a million acres (1000 km ) of land in the Toronto area. Dorchester intended the location to be named Toronto. The first 25 years after the Toronto purchase were quiet, although "there were occasional independent fur traders" present in
660-657: A channel to the harbour. The peninsula was formed by longshore drift taking the sediments deposited along the Scarborough Bluffs shore and transporting them to the Islands area. The other source of sediment for the Port Lands wetland and the peninsula was the deposition of the Don River, which carved a wide valley through the sedimentary land of Toronto and deposited it in the shallow harbour. The harbour and
792-457: A covert form of racism that does not purport ethnic superiority as much as it asserts stereotypes of perceived "incompatibility of life-styles and traditions". While there is research that suggests that ethnic diversity increases chances of war, lower public goods provision and decreases democratization, there is also research that shows that ethnic diversity in itself is not detrimental to peace, public goods provision or democracy. Rather, it
924-517: A de facto single national identity during the 18th and/or 19th centuries. Multiculturalism has been official policy in several Western nations since the 1970s, for reasons that varied from country to country, including the fact that many of the great cities of the Western world are increasingly made of a mosaic of cultures. The Canadian government has often been described as the instigator of multicultural ideology because of its public emphasis on
1056-596: A higher level of public altruism. For example, the degree of ethnic homogeneity correlates with the government's share of gross domestic product as well as the average wealth of citizens. Case studies of the United States, Africa and South-East Asia find that multi-ethnic societies are less charitable and less able to cooperate to develop public infrastructure. Moscow beggars receive more gifts from fellow ethnics than from other ethnies [ sic ]. A recent multi-city study of municipal spending on public goods in
1188-434: A large scale, it can occur as a result of either legal or illegal migration to and from different jurisdictions around the world. In reference to political science, multiculturalism can be defined as a state's capacity to effectively and efficiently deal with cultural plurality within its sovereign borders. Multiculturalism as a political philosophy involves ideologies and policies which vary widely. It has been described as
1320-634: A mix of ethnic groups. After slavery was no longer permitted in Peru, African-Peruvians and Asian-Peruvians have contributed to Peruvian culture in many ways. Today, Amerindians make up 45% of the population, Mestizos 37%, white 15% and 3% is composed by black , Chinese, and others. In 1821, Peru's president José de San Martín gave foreigners the freedom to start industries in Peru's ground, 2 years after, foreigners that lived in Peru for more than 5 years were considered naturalized citizens, which then decreased to 3 years. Although official multiculturalism policy
1452-631: A multicultural country. After the betrayal of Hernán Cortés to the Aztecs, the Spanish conquered the Aztec Empire and colonized indigenous people. They influenced the indigenous religion, politics, culture and ethnicity. The Spanish opened schools in which they taught Christianity, and the Spanish language eventually surpassed indigenous languages, making it the most spoken language in Mexico. Mestizo
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#17327800610111584-594: A ravine or valley and continue on the other side. Toronto has many bridges spanning the ravines. Large bridges such as the Prince Edward Viaduct were built to span broad river valleys. Despite its deep ravines, Toronto is not remarkably hilly, but its elevation does increase steadily away from the lake. Elevation differences range from 76.5 metres (251 ft) above sea level at the Lake Ontario shore to 209 m (686 ft) above sea level near
1716-586: A threat to the Māori as an attempt by the New Zealand Government to undermine Māori demands for self-determination and encourage assimilation. Right wing sympathisers have been shown to increasingly take part in a multitude of online discursive efforts directed against global brands' multicultural advertisements. Though not called Multiculturalism as such, the preamble of Argentina's constitution explicitly promotes immigration , and recognizes
1848-442: Is "the form of integration" that (1) best fits the ideal of egalitarianism , (2) has "the best chance of succeeding" in the "post- 9/11 , post 7/7 " world, and (3) has remained "moderate [and] pragmatic". Bhikhu Parekh counters what he sees as the tendencies to equate multiculturalism with racial minorities "demanding special rights" and to see these as promoting a "thinly veiled racis[m]". Instead, he argues that multiculturalism
1980-454: Is a prominent centre for music, theatre, motion picture production, and television production, and is home to the headquarters of Canada's major national broadcast networks and media outlets . Its varied cultural institutions , which include numerous museums and galleries , festivals and public events , entertainment districts, national historic sites , and sports activities , attract over 43 million tourists each year. Toronto
2112-423: Is a wide variety of ethnic groups, the major group being Mestizos followed by White Mexicans and Indigenous Mexicans . There are many other ethnic groups such as Arab Mexicans , Afro-Mexicans and Asian Mexicans . From the year 2000 to 2010, the number of people in Mexico that were born in another country doubled, reaching a total of 961,121 people, mostly coming from Guatemala and the United States. Mexico
2244-456: Is against most historical precedent." The American classicist Victor Davis Hanson used the perceived differences in "rationality" between Moctezuma and Cortés to argue that Western culture was superior to every culture in the entire world, which thus led him to reject multiculturalism as a false doctrine that placed all cultures on an equal footing. In New Zealand ( Aotearoa ), which is officially bi-cultural, multiculturalism has been seen as
2376-749: Is celebrated across the country and has heavy influences from the Aymara, the Quechua, the Spanish, and other popular cultures from around Latin America. Brazil has been known to acclaim multiculturalism and has undergone many changes regarding this in the past few decades. Brazil is a controversial country when it comes to defining a multicultural country. There are two views: the Harvard Institute of Economic Research states that Brazil has an intersection of many cultures because of recent migration, while
2508-521: Is different, and the goal may be a mono-cultural or mono-ethnic nation-building – for instance in the Malaysian government's attempt to create a 'Malaysian race' by 2020. Multiculturalism is seen by its supporters as a fairer system that allows people to truly express who they are within a society, that is more tolerant and that adapts better to social issues. They argue that culture is not one definable thing based on one race or religion, but rather
2640-458: Is in fact "not about minorities" but "is about the proper terms of the relationship between different cultural communities", which means that the standards by which the communities resolve their differences, e.g., "the principles of justice" must not come from only one of the cultures but must come "through an open and equal dialogue between them." Balibar characterizes criticisms of multiculturalism as "differentialist racism", which he describes as
2772-517: Is its escarpments. During the last ice age , the lower part of Toronto was beneath Glacial Lake Iroquois . Today, a series of escarpments mark the lake's former boundary, known as the "Iroquois Shoreline". The escarpments are most prominent from Victoria Park Avenue to the mouth of Highland Creek , where they form the Scarborough Bluffs . Other observable sections include the area near St. Clair Avenue West between Bathurst Street and
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#17327800610112904-675: Is known for its many skyscrapers and high-rise buildings , in particular the CN Tower , the tallest freestanding structure on land outside of Asia. The city is home to the Toronto Stock Exchange , the headquarters of Canada's five largest banks , and the headquarters of many large Canadian and multinational corporations. Its economy is highly diversified with strengths in technology, design, financial services, life sciences, education, arts, fashion, aerospace, environmental innovation, food services, and tourism. Toronto
3036-510: Is mainly composed of a mixture of their indigenous culture, Spanish, and African. There was a heavy influence of Spanish culture due to the Spanish Conquest, which influenced their religion, language and traditions. African influence can be seen in their music. While Spanish is Venezuela's main language, there are more than 40 indigenous languages spoken to this day. Colombia , with an estimated population of 51 million inhabitants,
3168-427: Is not established at the federal level, ethnic and cultural diversity is common in rural , suburban and urban areas. Continuous mass immigration was a feature of the United States economy and society since the first half of the 19th century. The absorption of the stream of immigrants became, in itself, a prominent feature of America's national myth . The idea of the melting pot is a metaphor that implies that all
3300-588: Is now a museum. The pre-amalgamation City of Toronto covers the downtown core and older neighbourhoods to the east, west, and north. It is the most densely populated part of the city. The Financial District contains the First Canadian Place , Toronto-Dominion Centre , Scotia Plaza , Royal Bank Plaza , Commerce Court and Brookfield Place . This area includes, among others, the neighbourhoods of St. James Town , Garden District , St. Lawrence , Corktown , and Church and Wellesley . From that point,
3432-446: Is populated by a great variety of ethnic groups . Approximately 49% of its population is mestizo , 37% white, 10% African descent , 3.4% indigenous and 0.6 Gypsy . It is estimated that 18.8 million Colombians are direct descendants of Europeans, either by one of their parents or grandparents. Mainly from Spain, Italy, Germany, Poland and England, they represent 37% of its population. The Arab (Asian) descent also predominates in
3564-410: Is quickly becoming a melting pot , with many immigrants coming into the country. It is considered to be a cradle of civilization , which influences their multiculturalism and diversity, by having different civilizations influence them. A distinguishable trait of Mexico's culture is the mestizaje of its people, which caused the combination of Spanish influence, their indigenous roots while also adapting
3696-609: Is reflected in the law through the Canadian Multiculturalism Act and section 27 of the Canadian Charter of Rights and Freedoms . The Broadcasting Act of 1991 asserts the Canadian broadcasting system should reflect the diversity of cultures in the country. Canadian multiculturalism is looked upon with admiration outside the country, resulting in the Canadian public dismissing most critics of
3828-458: Is still a lack of school engagement in these matters. Canadian society is often depicted as being "very progressive, diverse, and multicultural" often acknowledging several different cultures and beliefs. Multiculturalism (a Just Society ) was adopted as the official policy of the Canadian government during the premiership of Pierre Elliott Trudeau in the 1970s and 1980s. Multiculturalism
3960-583: Is the anchor of the Golden Horseshoe , an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario , while the Greater Toronto Area proper had a 2021 population of 6,712,341. Toronto is an international centre of business, finance, arts, sports, and culture and is one of the most multicultural and cosmopolitan cities in the world. Indigenous peoples have travelled through and inhabited
4092-462: Is the appropriate way to deal with diversity and immigrant integration. The arguments regarding the perceived rights to a multicultural education include the proposition that it acts as a way to demand recognition of aspects of a group's culture subordination and its entire experience in contrast to a melting pot or non-multicultural societies. The term multiculturalism is most often used in reference to Western nation-states, which had seemingly achieved
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4224-577: Is the third-largest tech hub in North America after Silicon Valley and New York City , and the fastest-growing hub. The word Toronto has been recorded with various spellings in French and English, including Tarento , Tarontha , Taronto , Toranto , Torento , Toronto , and Toronton . The most frequent early spelling, Taronto , referred to 'The Narrows', a channel of water through which Lake Simcoe discharges into Lake Couchiching where
4356-594: Is used in sociology, in political philosophy , and colloquially. In sociology and everyday usage, it is usually a synonym for ethnic or cultural pluralism in which various ethnic and cultural groups exist in a single society. It can describe a mixed ethnic community area where multiple cultural traditions exist (such as New York City , London , Mumbai , Hong Kong , or Paris ) or a single country (such as Switzerland, Belgium, Singapore or Russia). Groups associated with an indigenous , aboriginal or autochthonous ethnic group and settler-descended ethnic groups are often
4488-400: The 2026 FIFA World Cup . Toronto covers an area of 630 square kilometres (243 sq mi), with a maximum north–south distance of 21 kilometres (13 mi). It has a maximum east–west distance of 43 km (27 mi), and it has a 46-kilometre (29 mi) long waterfront shoreline, on the northwestern shore of Lake Ontario . The Toronto Islands and Port Lands extend out into
4620-461: The American founding fathers : Providence has been pleased to give this one connected country to one united people – a people descended from the same ancestors, speaking the same language, professing the same religion, attached to the same principles of government, very similar in their manners and customs... This country and this people seem to have been made for each other, and it appears as if it
4752-614: The European colonial system , as colonized nations in Africa and Asia successfully fought for their independence and pointed out the discriminatory underpinnings of the colonial system; and, in the United States in particular, with the rise of the Civil Rights Movement , which criticized ideals of assimilation that often led to prejudices against those who did not act according to Anglo-American standards and which led to
4884-589: The Great Irish Famine ; most of them were Catholic . By 1851, the Irish-born population had become the largest single ethnic group in the city. The Scottish and English population welcomed smaller numbers of Protestant Irish immigrants, some from what is now Northern Ireland, which gave the Orange Order significant and long-lasting influence over Toronto society. Almost every mayor of Toronto
5016-483: The LGBT community, with arguments often focusing on ethnic and religious minorities, minority nations, indigenous peoples and even people with disabilities. It is within this context in which the term is most commonly understood and the broadness and scope of the definition, as well as its practical use, has been the subject of serious debate. Most debates over multiculturalism center around whether or not multiculturalism
5148-645: The Mississaugas had displaced the Iroquois, who abandoned the Toronto area at the end of the Beaver Wars , with most returning to their homeland in present-day New York state. French traders founded Fort Rouillé in 1750 (the current Exhibition grounds were later developed there), but abandoned it in 1759 during the Seven Years' War . The British defeated the French and their indigenous allies in
5280-572: The Pew Research Center states that Brazil is culturally diverse but the majority of the country speaks Portuguese . Cities such as São Paulo are home to migrants from Japan, Italy, Lebanon and Portugal . There is a multicultural presence in this city, and this is prevalent throughout Brazil. Furthermore, Brazil is a country that has made great strides to embrace migrant cultures. There has been increased awareness of anti-blackness and active efforts to combat racism. However, there
5412-482: The Toronto Carrying-Place Trail , led to widespread use of the name. The pronunciation of the city is broadly / t ə ˈ r ɒ n t oʊ / tə- RONT -oh , which locals pronounce [təˈɹɒnoʊ] or [ˈtɹɒnoʊ] , leaving the second 't' silent. The site of Toronto lay at the entrance to one of the oldest routes to the northwest, a route known and used by
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5544-602: The York University grounds in the city's north end at the intersection of Keele Street and Steeles Avenue. There are occasional hilly areas; in particular, midtown Toronto , as well as the Silverthorn and Fairbank neighbourhoods, have several sharply sloping hills. Lake Ontario remains occasionally visible from the peaks of these ridges as far north as Eglinton Avenue, 7 to 8 kilometres (4.3 to 5.0 mi) inland. The other major geographical feature of Toronto
5676-556: The 19th century, the city built an extensive sewage system to improve sanitation, and streets were illuminated with gas lighting as a regular service. Long-distance railway lines were constructed, including a route completed in 1854 linking Toronto with the Upper Great Lakes. The Grand Trunk Railway and the Northern Railway of Canada joined in the building of the first Union Station in downtown. The advent of
5808-472: The 2000s, many neighbourhoods became ethnically diverse and underwent gentrification due to increasing population and a housing boom during the late 1990s and the early 21st century. The first neighbourhoods affected were Leaside and North Toronto , gradually progressing into the western neighbourhoods in York. Multiculturalism Multiculturalism is the coexistence of multiple cultures. The word
5940-484: The Canadian securities business by acquiring much of Merrill Lynch & Company's Canadian securities business. The acquisition included 20 offices and between 700 and 800 employees as well as access for CIBC to Merrill's equity research . The transaction made Wood Gundy once again the largest brokerage firm in Canada. In 2001, CIBC would buy the remainder of Merrill's Canadian business. In 1997, CIBC Wood Gundy acquired
6072-522: The City of Toronto in 1834. Toronto hosted the 4th G20 summit during June 26–27, 2010. This included the largest security operation in Canadian history. Following large-scale protests and rioting, law enforcement arrested more than 1,000 people, the largest mass arrest in Canadian history. On July 8, 2013, severe flash flooding hit Toronto after an afternoon of slow-moving, intense thunderstorms. Toronto Hydro estimated 450,000 people were without power after
6204-487: The Don River, and north of Davenport Road from Caledonia to Spadina Road ; the Casa Loma grounds sit above this escarpment. The geography of the lakeshore has dramatically changed since the first settlement of Toronto. Much of the land on the harbour's north shore is landfill, filled in during the late 19th century. Until then, the lakefront docks (then known as wharves) were set back farther inland than today. Much of
6336-729: The Huron had planted tree saplings to corral fish. This narrows was called tkaronto by the Mohawk , meaning 'where there are trees standing in the water', and was recorded as early as 1615 by Samuel de Champlain . The word Toronto , meaning 'plenty', also appears in a 1632 French lexicon of the Huron language , which is also an Iroquoian language. It also appears on French maps referring to various locations, including Georgian Bay, Lake Simcoe, and several rivers. A portage route from Lake Ontario to Lake Huron running through this point, known as
6468-593: The Huron, Iroquois, and Ojibwe . Archaeological sites show evidence of human occupation dating back thousands of years. The site was of strategic importance from the beginning of Ontario's recorded history. In the 1660s, the Iroquois established two villages within what is today Toronto, Ganatsekwyagon (Bead Hill) on the banks of the Rouge River and Teiaiagon on the banks of the Humber River . By 1701,
6600-695: The Progressive Conservatives' majority. North York mayor Mel Lastman became the first "megacity" mayor, and the 62nd mayor of Toronto, with his electoral victory . Lastman gained national attention after multiple snowstorms, including the January Blizzard of 1999 , dumped 118 centimetres (46 in) of snow and effectively immobilized the city. He called in the Canadian Army to aid snow removal by use of their equipment to augment police and emergency services. The move
6732-677: The Toronto Harbour), and the Rouge River at the city's eastern limits. Most of the ravines and valley lands in Toronto today are parklands and recreational trails are laid out along the ravines and valleys. The original town was laid out in a grid plan on the flat plain north of the harbour, and this plan was extended outwards as the city grew. The width and depth of several of the ravines and valleys are such that several grid streets, such as Finch Avenue , Leslie Street , Lawrence Avenue , and St. Clair Avenue , terminate on one side of
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#17327800610116864-628: The Toronto area, located on a broad sloping plateau interspersed with rivers, deep ravines, and urban forest , for more than 10,000 years. After the broadly disputed Toronto Purchase , when the Mississauga surrendered the area to the British Crown , the British established the town of York in 1793 and later designated it as the capital of Upper Canada . During the War of 1812 , the town
6996-622: The Toronto skyline extends northward along Yonge Street. Old Toronto is also home to many historically wealthy residential enclaves, such as Yorkville , Rosedale, The Annex, Forest Hill, Lawrence Park , Lytton Park , Deer Park , Moore Park , and Casa Loma, most stretching away from downtown to the north. East and west of downtown, neighbourhoods such as Kensington Market , Chinatown , Leslieville , Cabbagetown and Riverdale are home to bustling commercial and cultural areas as well as communities of artists with studio lofts, with many middle- and upper-class professionals. Other neighbourhoods in
7128-456: The U.S. brokerage house Oppenheimer & Co. After the acquisition the U.S. division took the name CIBC Oppenheimer, eliminating the use of the Wood Gundy brand through much of the bank. Chair President Toronto Toronto is the most populous city in Canada and the capital city of the Canadian province of Ontario . With a population of 2,794,356 in 2021, it is the fourth-most populous city in North America . The city
7260-496: The US found that diversity had a negative effect on civic engagement. The greater the diversity, the fewer people voted and the less they volunteered for community projects; also, trust among neighbours was only half that of homogenous communities. Putnam says, however, that "in the long run immigration and diversity are likely to have important cultural, economic, fiscal, and developmental benefits", as long as society successfully overcomes
7392-433: The United States found that ethnically or racially diverse cities spend a smaller portion of their budgets and less per capita on public services than do the more homogeneous cities. Dick Lamm , former three-term Democratic governor of the US state of Colorado , argued that "diverse peoples worldwide are mostly engaged in hating each other—that is, when they are not killing each other. A diverse, peaceful, or stable society
7524-628: The West. Like the Irish before them, many of these migrants lived in overcrowded shanty-type slums, such as " the Ward ", which was centred on Bay Street , now the heart of the country's Financial District . As new migrants began to prosper, they moved to better housing in other areas, in what is now understood to be succession waves of settlement. Despite its fast-paced growth, by the 1920s, Toronto's population and economic importance in Canada remained second to
7656-466: The adjacent Port Lands on the harbour's east side was a wetland filled in early in the 20th century. The shoreline from the harbour west to the Humber River has been extended into the lake. Further west, landfill has been used to create extensions of land such as Humber Bay Park. The Toronto Islands were a natural peninsula until a storm in 1858 severed their connection to the mainland, creating
7788-405: The architecture of its homes, and for being one of Toronto's earliest planned communities, was designated as an Ontario Heritage Conservation district in 1985. The Casa Loma neighbourhood is named after "Casa Loma", a castle built in 1911 by Sir Henry Pellat , complete with gardens, turrets, stables, an elevator, secret passages, and a bowling alley. Spadina House is a 19th-century manor that
7920-484: The area, with the usual complaints of debauchery and drunkenness. In 1793, Governor John Graves Simcoe established the town of York on the Toronto Purchase lands, naming it after Prince Frederick, Duke of York and Albany . Simcoe decided to move the Upper Canada capital from Newark (Niagara-on-the-Lake) to York, believing the new site would be less vulnerable to attack by the United States. The York garrison
8052-697: The capital until 1865 (two years before Canadian Confederation). Since then, the capital of Canada has remained Ottawa , Ontario. Toronto became the capital of the province of Ontario after its official creation in 1867. The seat of government of the Ontario briefly returned to the same building that hosted the Third Parliament Building of Upper Canada, before moving to the Ontario Legislative Building at Queen's Park in 1893. Because of its provincial capital status,
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#17327800610118184-673: The central city retain an ethnic identity, including two smaller Chinatowns, the Greektown area, Little Italy , Portugal Village , and Little India , among others. The inner suburbs are contained within the former municipalities of York and East York. These are mature and traditionally working-class areas, consisting primarily of post–World War I small, single-family homes and small apartment blocks. Neighbourhoods such as Crescent Town , Thorncliffe Park , Flemingdon Park , Weston, and Oakwood Village consist mainly of high-rise apartments, which are home to many new immigrant families. During
8316-471: The channel of the Don River have been dredged numerous times for shipping. The lower section of the Don River was straightened and channelled in the 19th century. The former mouth drained into a wetland; today, the Don River drains into the harbour through a concrete waterway, the Keating Channel . To mitigate flooding in the area, as well as to create parkland, a second more natural mouth was built to
8448-769: The city granted the operation of the transit franchise to the Toronto Railway Company . The public transit system passed into public ownership in 1921 as the Toronto Transportation Commission , later renamed the Toronto Transit Commission . The system now has the third-highest ridership of any city public transportation system in North America . The Great Toronto Fire of 1904 destroyed a large section of downtown Toronto . The fire destroyed more than 100 buildings. The fire claimed one victim, John Croft, who
8580-650: The city was also the location of Government House , the residence of the viceregal representative of the Crown in right of Ontario . Long before the Royal Military College of Canada was established in 1876, supporters of the concept proposed military colleges in Canada. Staffed by British Regulars, adult male students underwent a three-month-long military course at the School of Military Instruction in Toronto. Established by Militia General Order in 1864,
8712-477: The city was hit by a massive blackout which affected millions of Torontonians (it also affected most of Southern Ontario and parts of the United States), stranding some hundreds of people in tall buildings, knocking out traffic lights and suspending subway and streetcar service across the city during those aforementioned days. On March 6, 2009, the city celebrated the 175th anniversary of its inception as
8844-449: The city, there exist hundreds of small neighbourhoods and some larger neighbourhoods covering a few square kilometres. The many residential communities of Toronto express a character distinct from the skyscrapers in the commercial core. Victorian and Edwardian-era residential buildings can be found in enclaves such as Rosedale , Cabbagetown , The Annex , and Yorkville . The Wychwood Park neighbourhood, historically significant for
8976-681: The classroom. Studies estimated 46 million Americans ages 14 to 24 to be the most diverse generation in American society. In 2009 and 2010, controversy erupted in Texas as the state's curriculum committee made several changes to the state's requirements, often at the expense of minorities. They chose to juxtapose Abraham Lincoln's inaugural address with that of Confederate president Jefferson Davis ; they debated removing Supreme Court Justice Thurgood Marshall and labor-leader Cesar Chavez and rejected calls to include more Hispanic figures, in spite of
9108-411: The company, then called "Wood, Gundy & Company Limited", were split into two newly incorporated companies in 1962. The first, responsible for investment dealer operations, was called "Wood Gundy Securities Limited". The second, responsible for the investment holding business, was named "Wood Gundy Holdings Limited". These two firms existed until the early 1970s, when they reunited as a single firm under
9240-402: The concept. Multiculturalism in Canada is often looked at as one of Canada's significant accomplishments, and a key distinguishing element of Canadian identity . In a 2002 interview with The Globe and Mail , Karīm al-Hussainī , the 49th Aga Khan of the Ismaili Muslims , described Canada as "the most successful pluralist society on the face of our globe", citing it as "a model for
9372-471: The culture traditions from their immigrants. Peru is an exemplary country of multiculturalism, in 2016 the INEI reported a total population of 31 million people. They share their borders with Ecuador, Colombia, Brazil, Chile and Bolivia, and have welcomed many immigrants into their country creating a diverse community. Peru is the home to Amerindians but after the Spanish Conquest , the Spanish brought African, and Asian peoples as slaves to Peru creating
9504-410: The development of academic ethnic studies programs as a way to counteract the neglect of contributions by racial minorities in classrooms. As this history shows, multiculturalism in Western countries was seen to combat racism, to protect minority communities of all types, and to undo policies that had prevented minorities from having full access to the opportunities for freedom and equality promised by
9636-458: The effectiveness of their multicultural policies for integrating immigrants. Many nation-states in Africa, Asia, and the Americas are culturally diverse and are 'multicultural' in a descriptive sense. In some, ethnic communalism is a major political issue. The policies adopted by these states often have parallels with multiculturalist policies in the Western world, but the historical background
9768-575: The elimination of racially based immigration policies by the late 1960s, Toronto became a destination for immigrants from all over the world. By the 1980s, Toronto had surpassed Montreal as Canada's most populous city and chief economic hub. During this time, in part owing to the political uncertainty raised by the resurgence of the Quebec sovereignty movement , many national and multinational corporations moved their head offices from Montreal to Toronto and Western Canadian cities. On January 1, 1998, Toronto
9900-591: The first mayor of Toronto . Mackenzie would later lead the unsuccessful Upper Canada Rebellion of 1837 against the British colonial government. Toronto's population of 9,000 included some African-American slaves, some of whom had been brought by the Loyalists, and Black Loyalists , whom the Crown had freed (most of the latter were resettled in Nova Scotia). By 1834, refugee slaves from America's South were also immigrating to Toronto to gain freedom. Slavery
10032-459: The focus. In reference to sociology, multiculturalism is the end-state of either a natural or artificial process (for example: legally controlled immigration) and occurs on either a large national scale or on a smaller scale within a nation's communities. On a smaller scale this can occur artificially when a jurisdiction is established or expanded by amalgamating areas with two or more different cultures (e.g. French Canada and English Canada ). On
10164-570: The former Habsburg port city of Trieste . In the political philosophy of multiculturalism, ideas are focused on the ways in which societies are either believed to or should, respond to cultural and Christian differences. It is often associated with "identity politics", "the politics of difference", and "the politics of recognition". It is also a matter of economic interests and political power. In more recent times political multiculturalist ideologies have been expanding in their use to include and define disadvantaged groups such as African Americans and
10296-533: The high Hispanic population in the state. According to a 2000 analysis of domestic terrorism in the United States , "A distinctive feature of American terrorism is the ideological diversity of perpetrators. White racists are responsible for over a third of the deaths, and black militants have claimed almost as many. Almost all of the remaining deaths are attributable to Puerto Rican nationalists, Islamic extremists, revolutionary leftists and emigre groups." Twenty years later, far-right and white racists were observed as
10428-458: The histories of women and minorities [...and] promotes respect for the dignity of the lives and voices of the forgotten. By closing gaps, by raising consciousness about the past, multiculturalism tries to restore a sense of wholeness in a postmodern era that fragments human life and thought." Tariq Modood argues that in the early years of the 21st century, multiculturalism "is most timely and necessary, and [...] we need more not less", since it
10560-680: The hurricane caused more than CA$ 25 million in damage. In 1967, the seven smallest municipalities of Metropolitan Toronto were merged with larger neighbours, resulting in a six-municipality configuration that included the former city of Toronto and the surrounding municipalities of East York , Etobicoke , North York , Scarborough , and York . In the decades after World War II, refugees from war-torn Europe and Chinese job-seekers arrived, as well as construction labourers, particularly from Italy and Portugal. Toronto's population grew to more than one million in 1951 when large-scale suburbanization began and doubled to two million by 1971. Following
10692-454: The idea of a " plural society ". James saw pluralism as "crucial to the formation of philosophical and social humanism to help build a better, more egalitarian society. The educational approach to multiculturalism has since spread to the grade school system, as school systems try to rework their curricula to introduce students to diversity earlier – often on the grounds that it is important for minority students to see themselves represented in
10824-431: The immigrant cultures are mixed and amalgamated without state intervention. The melting pot theory implied that each individual immigrant, and each group of immigrants, assimilated into American society at their own pace. This is different from multiculturalism as it is defined above, which does not include complete assimilation and integration. The melting pot tradition co-exists with a belief in national unity, dating from
10956-458: The individual's multiple citizenship from other countries. Though 97% of Argentina's population self-identify as of European descent and mestizo to this day a high level of multiculturalism remains a feature of Argentina's culture , allowing foreign festivals and holidays (e.g. Saint Patrick's Day ), supporting all kinds of art or cultural expression from ethnic groups , as well as their diffusion through an important multicultural presence in
11088-400: The lake, allowing for a somewhat sheltered Toronto Harbour south of the downtown core. An Outer Harbour was constructed southeast of downtown during the 1950s and 1960s, and it is now used for recreation. The city's limits are formed by Lake Ontario to the south, the western boundary of Marie Curtis Park , Etobicoke Creek , Eglinton Avenue and Highway 427 to the west, Steeles Avenue to
11220-402: The larger state as a whole, without impinging on the rights of the larger society. He bases this on his opinion that human rights fall short in protecting the rights of minorities, as the state has no stake in protecting the minorities. C. James Trotman argues that multiculturalism is valuable because it "uses several disciplines to highlight neglected aspects of our social history, particularly
11352-597: The leading perpetrators of domestic terrorism in the U.S. According to a 2020 study by the Strategic & International Studies, right-wing extremists are responsible for the murder of 329 people since 1994 (over half due to the terrorist bombing of the 1995 bombing of the Alfred P. Murrah building in Oklahoma City, which killed 168 people). A 2007 study by Robert Putnam encompassing 30,000 people across
11484-465: The liberalism that has been the hallmark of Western societies since the Age of Enlightenment . The contact hypothesis in sociology is a well-documented phenomenon in which cooperative interactions with those from a different group than one's own reduce prejudice and inter-group hostility. Will Kymlicka argues for "group differentiated rights", that help both religious and cultural minorities operate within
11616-491: The long run we'll all be better." Putnam denied allegations he was arguing against diversity in society and contended that his paper had been "twisted" to make a case against race-conscious admissions to universities. He asserted that his "extensive research and experience confirm the substantial benefits of diversity, including racial and ethnic diversity, to our society." Ethnologist Frank Salter writes: Relatively homogeneous societies invest more in public goods, indicating
11748-409: The majority of Torontonians speak English as their primary language, over 160 languages are spoken in the city. The mayor of Toronto is elected by direct popular vote to serve as the chief executive of the city. The Toronto City Council is a unicameral legislative body, comprising 25 councillors since the 2018 municipal election , representing geographical wards throughout the city. Toronto
11880-820: The media. In Argentina there are recognized regional languages Guaraní in Corrientes , Quechua in Santiago del Estero , Qom , Mocoví , and Wichí in Chaco . According to the National Institute of Indigenous Affairs published on its website, there are 1,779 registered indigenous communities in Argentina, belonging to 39 indigenous peoples. Bolivia is a diverse country made up of 36 different types of indigenous groups. Over 62% of Bolivia's population falls into these different indigenous groups, making it
12012-661: The more racially diverse a community is, the greater the loss of trust. People in diverse communities "don't trust the local mayor, they don't trust the local paper, they don't trust other people and they don't trust institutions," writes Putnam. In the presence of such ethnic diversity, Putnam maintains that, "[W]e hunker down. We act like turtles. The effect of diversity is worse than had been imagined. And it's not just that we don't trust people who are not like us. In diverse communities, we don't trust people who do not look like us". Putnam has also stated, however, that "this allergy to diversity tends to diminish and to go away... I think in
12144-727: The most indigenous country in Latin America. Out of the indigenous groups the Aymara and the Quechua are the largest. The latter 30% of the population is a part of the mestizo , which are a people mixed with European and indigenous ancestry. Bolivia's political administrations have endorsed multicultural politics and in 2009 Bolivia's Constitution was inscribed with multicultural principles. The Constitution of Bolivia recognizes 36 official languages besides Spanish, each language has its own culture and indigenous group. Bolivian culture
12276-515: The much longer established Montreal , Quebec. However, by 1934, the Toronto Stock Exchange had become the largest in the country. In 1954, the City of Toronto and 12 surrounding municipalities were federated into a regional government known as Metropolitan Toronto . The postwar boom had resulted in rapid suburban development. It was believed a coordinated land-use strategy and shared services would provide greater efficiency for
12408-624: The multicultural ideal of benignly co-existing cultures that interrelate and influence one another, and yet remain distinct, is sustainable, paradoxical, or even desirable. It is argued that nation states , who would previously have been synonymous with a distinctive cultural identity of their own, lose out to enforced multiculturalism and that this ultimately erodes the host nations' distinct culture. Sarah Song views cultures as historically shaped entities by its members, and that they lack boundaries due to globalization, thereby making them stronger than others might assume. She goes on to argue against
12540-494: The name "Wood Gundy Limited". At this time, Charles Gundy, the son of the founder, was Chairman. Wood Gundy remained the largest brokerage and securities firm in Canada until the early 1980s, when the merger of Dominion Securities and A.E. Ames created the largest firm in the country. By the mid-1980s, Wood Gundy, which was owned by approximately 600 of its employees, was looking for a merger partner. In 1986, Wood Gundy had nearly merged with Gordon Capital Corporation, but that deal
12672-661: The national policy and returned to an official monoculturalism. A similar reversal is the subject of debate in the United Kingdom, among others, due to evidence of incipient segregation and anxieties over "home-grown" terrorism . Several heads-of-state or heads-of-government have expressed doubts about the success of multicultural policies: The United Kingdom's ex-Prime Minister David Cameron , German Chancellor Angela Merkel , Australia's ex-prime minister John Howard , Spanish ex-prime minister José María Aznar and French ex-president Nicolas Sarkozy have voiced concerns about
12804-567: The north and the Rouge River and the Scarborough–Pickering Townline to the east. The city is mostly flat or gentle hills, and the land gently slopes upward away from the lake. The flat land is interrupted by the Toronto ravine system , which is cut by numerous creeks and rivers of the Toronto waterway system , most notably the Humber River in the west end, the Don River east of downtown (these two rivers flanking and defining
12936-463: The notion of special rights as she feels cultures are mutually constructive, and are shaped by the dominant culture. Brian Barry advocates a difference-blind approach to culture in the political realm and he rejects group-based rights as antithetical to the universalist liberal project, which he views as based on the individual. Susan Moller Okin , a feminist professor of political philosophy, argued in 1999, in "Is multiculturalism bad for women?", that
13068-616: The official languages. In the Western English-speaking countries, multiculturalism as an official national policy started in Canada in 1971, followed by Australia in 1973 where it is maintained today. It was quickly adopted as official policy by most member-states of the European Union . Recently, right-of-center governments in several European states – notably the Netherlands and Denmark – have reversed
13200-402: The principle that all cultures are equal means that the equal rights of women in particular are sometimes severely violated. Harvard professor of political science Robert D. Putnam conducted a nearly decade-long study on how multiculturalism affects social trust. He surveyed 26,200 people in 40 American communities, finding that when the data were adjusted for class, income and other factors,
13332-465: The railway dramatically increased the numbers of immigrants arriving, commerce and industry, as had the Lake Ontario steamers and schooners entering port before. These enabled Toronto to become a major gateway linking the world to the interior of the North American continent. Expanding port and rail facilities brought in northern timber for export and imported Pennsylvania coal. Industry dominated
13464-514: The referendum results and did so in April when it tabled the City of Toronto Act . Both opposition parties held a filibuster in the provincial legislature, proposing more than 12,000 amendments that allowed residents on streets of the proposed megacity to take part in public hearings on the merger and adding historical designations to the streets. This only delayed the bill's inevitable passage, given
13596-468: The region. The metropolitan government began to manage services that crossed municipal boundaries, including highways, police services, water and public transit . In that year, a half-century after the Great Fire of 1904, disaster struck the city again when Hurricane Hazel brought intense winds and flash flooding. In the Toronto area, 81 people were killed, nearly 1,900 families were left homeless, and
13728-460: The result of multiple factors that change as the world changes. Historically, support for modern multiculturalism stems from the changes in Western societies after World War II, in what Susanne Wessendorf calls the "human rights revolution", in which the horrors of institutionalized racism and ethnic cleansing became almost impossible to ignore in the wake of the Holocaust ; with the collapse of
13860-490: The school enabled officers of militia or candidates for commission or promotion in the Militia to learn military duties, drill and discipline, to command a company at Battalion Drill, to drill a company at Company Drill, the internal economy of a company, and the duties of a company's officer. The school was retained at Confederation, in 1867. In 1868, Schools of cavalry and artillery instruction were formed in Toronto. In
13992-481: The scientific theories of many thinkers of this multi-ethnic empire. After the First World War, ethnic minorities were disadvantaged, forced to emigrate or even murdered in most regions in the area of the former Habsburg monarchy due to the prevailing nationalism at the time. In many areas, these ethnic mosaics no longer exist today. The ethnic mix of that time can only be experienced in a few areas, such as in
14124-399: The short-term problems. Putnam adds that his "extensive research and experience confirm the substantial benefits of diversity, including racial and ethnic diversity, to our society." Venezuela is home to a variety of ethnic groups, with an estimated population of 32 million, as of 2018 . Their population is composed of approximately 68% mestizo, which means of mixed race. Venezuelan culture
14256-416: The social importance of immigration. The Canadian Royal Commission on Bilingualism and Biculturalism is often referred to as the origins of modern political awareness of multiculturalism. Canada has provided provisions to the French speaking majority of Quebec, whereby they function as an autonomous community with special rights to govern the members of their community, as well as establish French as one of
14388-553: The south during the first half of the 2020s, thereby creating a new island, Ookwemin Minising . Toronto encompasses an area formerly administered by several separate municipalities that were amalgamated over the years. Each developed a distinct history and identity over the years, and their names remain in common use among Torontonians. Former municipalities include East York, Etobicoke, Forest Hill , Mimico , North York, Parkdale , Scarborough, Swansea , Weston and York. Throughout
14520-409: The storm and Toronto Pearson International Airport reported 126 mm (5 in) of rain had fallen over five hours, more than during Hurricane Hazel. Within six months, from December 20 to 22, 2013, Toronto was brought to a near halt by the worst ice storm in the city's history, rivalling the severity of the 1998 Ice Storm (which mainly affected southeastern Ontario, and Quebec). At the height of
14652-524: The storm, over 300,000 Toronto Hydro customers had no electricity or heating. Toronto hosted WorldPride in June 2014, and the Pan and Parapan American Games in 2015 . The city continues to grow and attract immigrants. A 2019 study by Toronto Metropolitan University (then known as Ryerson University) showed that Toronto was the fastest-growing city in North America. The city added 77,435 people between July 2017 and July 2018. The Toronto metropolitan area
14784-467: The town's surrender. American soldiers destroyed much of the garrison and set fire to the parliament buildings during their five-day occupation. Because of the sacking of York, British troops retaliated later in the war with the burning of Washington, D.C. York was incorporated as the City of Toronto on March 6, 1834, adopting the Indigenous name. Reformist politician William Lyon Mackenzie became
14916-639: The turn of the 20th century. It was partly in response to a new wave of European imperialism in sub-Saharan Africa and the massive immigration of Southern and Eastern Europeans to the United States and Latin America. Philosophers, psychologists and historians and early sociologists such as Charles Sanders Peirce , William James , George Santayana , Horace Kallen , John Dewey , W. E. B. Du Bois and Alain Locke developed concepts of cultural pluralism, from which emerged what we understand today as multiculturalism. In Pluralistic Universe (1909), William James espoused
15048-616: The war, and the area became part of the British colony of Quebec in 1763. During the American Revolutionary War , an influx of British settlers arrived there as United Empire Loyalists fled for the British-controlled lands north of Lake Ontario. The Crown granted them land to compensate for their losses in the Thirteen Colonies. The new province of Upper Canada was being created and needed
15180-645: The waterfront for the next 100 years. During the late 19th century, Toronto became the largest alcohol distillation (in particular, spirits ) centre in North America. By the 1860s, the Gooderham and Worts Distillery operations became the world's largest whisky factory. A preserved section of this once dominant local industry remains in the Distillery District . The harbour allowed access to grain and sugar imports used in processing. Horse-drawn streetcars gave way to electric streetcars in 1891 when
15312-441: The world". He explained that the experience of Canadian governance—its commitment to pluralism and its support for the rich multicultural diversity of its people—is something that must be shared and would be of benefit to all societies in other parts of the world. The Economist ran a cover story in 2016 praising Canada as the most successful multicultural society in the West. The Economist argued that Canada's multiculturalism
15444-524: Was a member of the Orange Order between 1850 and 1950, and the city was sometimes referred to as the " Belfast of Canada" because of Orange influence in municipal politics and administration. For brief periods, Toronto was twice the capital of the united Province of Canada : first from 1849 to 1851, following unrest in Montreal, and later from 1855 to 1859. After this date, Quebec was designated as
15576-524: Was a source of strength that united the diverse population and by attracting immigrants from around the world was also an engine of economic growth as well. Many public and private groups in Canada work to support both multiculturalism and recent immigrants to Canada. In an effort to support recent Filipino immigrants to Alberta, for example, one school board partnered with a local university and an immigration agency to support these new families in their school and community. Mexico has historically always been
15708-587: Was aborted at the last minute. By 1987, there were a number of banks actively pursuing a deal with Wood Gundy, including First National Bank of Chicago , the Union Bank of Switzerland and the Royal Bank of Canada , however these deals fell apart in the middle of the year due to high price expectations. The firm was impacted by the 1987 stock market crash in October 1987 and intensified its efforts to find
15840-495: Was also born from the conquest, which meant being half-Indigenous and half-Spanish. Mexico City has recently been integrating rapidly, doing much better than many cities in a sample conducted by the Intercultural Cities Index (being the only non-European city, alongside Montreal , on the index). Mexico is an ethnically diverse country with a population composed of approximately 123 million in 2017. There
15972-469: Was an explosive expert clearing the ruins from the fire. It caused CA$ 10,387,000 in damage (roughly CA$ 277,600,000 in 2020 terms). The city received new European immigrant groups from the late 19th century into the early 20th century, particularly Germans, French, Italians, and Jews. They were soon followed by Russians, Poles, and other Eastern European nations, in addition to the Chinese entering from
16104-539: Was banned outright in Upper Canada (and throughout the British Empire) in 1834. Torontonians integrated people of colour into their society. In the 1840s, an eating house at Frederick and King Streets, a place of mercantile prosperity in the early city, was operated by a black man named Bloxom. As a major destination for immigrants to Canada, the city grew rapidly through the remainder of the 19th century. The first significant wave of immigrants were Irish, fleeing
16236-487: Was built at the entrance of the town's natural harbour, sheltered by a long sand-bar peninsula. The town's settlement formed at the harbour's eastern end behind the peninsula, near the present-day intersection of Parliament Street and Front Street (in the " Old Town " area). In 1813, as part of the War of 1812 , the Battle of York ended in the town's capture and plunder by United States forces. John Strachan negotiated
16368-455: Was driven through Canada's increasing industrialization and growing population, leading to greater demand for capital and investment securities. This expansion transformed Wood Gundy into a full-service investment house. Wood Gundy was the first Canadian dealer to open an office in Tokyo, and the first firm to employ a female trader on the floor of the Toronto Stock Exchange . The operations of
16500-576: Was found that promoting diversity actually helps in advancing disadvantaged students. A 2018 study in the American Political Science Review cast doubts on findings that ethnoracial homogeneity led to greater public goods provision. A 2015 study in the American Journal of Sociology challenged past research showing that racial diversity adversely affected trust. Critics of multiculturalism often debate whether
16632-573: Was greatly enlarged, not through traditional annexations , but as an amalgamation of the Municipality of Metropolitan Toronto and its six lower-tier constituent municipalities: East York, Etobicoke, North York, Scarborough, York, and the original city itself. They were dissolved by an act of the Government of Ontario and formed into a single-tier City of Toronto (colloquially dubbed the " megacity "), replacing all six governments. The merger
16764-582: Was mired in controversy, including events such as the mass murder committed against Székelys by the Habsburg army in 1764 and the destruction of Romanian Orthodox Churches and Monasteries in Transylvania by Adolf Nikolaus von Buccow. Both events had happened during the rule of Maria Theresa . Today's topical issues such as social and cultural differentiation, multilingualism, competing identity offers or multiple cultural identities have already shaped
16896-551: Was proposed as a cost-saving measure by the Progressive Conservative provincial government under premier Mike Harris . The announcement touched off vociferous public objections. In March 1997, a referendum in all six municipalities produced a vote of more than 3:1 against amalgamation. However, municipal governments in Canada are creatures of the provincial governments, and referendums have little to no legal effect. The Harris government could thus legally ignore
17028-408: Was ridiculed by some in other parts of the country, fuelled in part by what was perceived as a frivolous use of resources. The city attracted international attention in 2003 when it became the centre of a major SARS (severe acute respiratory syndrome) outbreak. Public health attempts to prevent the disease from spreading elsewhere temporarily dampened the local economy. From August 14 to 17, 2003,
17160-469: Was the design of Providence, that an inheritance so proper and convenient for a band of brethren, united to each other by the strongest ties, should never be split into a number of unsocial, jealous, and alien sovereignties. As a philosophy, multiculturalism began as part of the pragmatism movement at the end of the 19th century in Europe and the United States, then as political and cultural pluralism at
17292-561: Was the second-fastest-growing metropolitan area in North America, adding 125,298 persons, compared with 131,767 in the Dallas–Fort Worth–Arlington metroplex in Texas. The large growth in the Toronto metropolitan area is attributed to international migration to Toronto. The COVID-19 pandemic in Canada first occurred in Toronto and was among the hotspots in the country . Toronto was named as one of 16 cities in North America (and one of two Canadian cities) to host matches for
17424-694: Was the site of the Battle of York and suffered heavy damage by American troops . York was renamed and incorporated in 1834 as the city of Toronto . It was designated as the capital of the province of Ontario in 1867 during Canadian Confederation . The city proper has since expanded past its original limits through both annexation and amalgamation to its current area of 630.2 km (243.3 sq mi). The diverse population of Toronto reflects its current and historical role as an important destination for immigrants to Canada . About half of its residents were born outside of Canada and over 200 ethnic origins are represented among its inhabitants. While
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