Toronto is the capital of the Canadian province of Ontario. It is located within the Golden Horseshoe in Southern Ontario on the northern shore of Lake Ontario. With 2,731,571 residents in 2016, it is the largest city in Canada and fourth-largest city in North America by population. Toronto is a centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world. From the nineteenth century onward, Toronto has been a growing business metropolitan area. In the 1840s and 1850s, Toronto saw a rapid increase in its urbanization with steamboat port activity and railway building. The city was made the capital of Ontario in 1867, and by 1891, the city’s population was over 150,000.In 1976, after 40 months of construction, the CN Tower became open to the public. Today, the CN Tower stands as the world’s tallest building at 553.33 meters (1,815 feet and 5 inches). By 1998, Toronto was officially known as a “megacity.” At a population of 2.4 million