Motor vehicles, parts and accessories accounted for 37 percent of Canada's total exports in 1998. Mining has always played an important role in the development of Ontario's economy. Also, many Ontario towns have at least one industry connected to forestry. Ninety-one percent of the forest land is owned by the provincial government, which licenses logging rights. The forest industry accounts for 5.8 percent of Ontario's exports.
Financial industries are also a source of prosperity.
Toronto is the world's fourth-largest capital market and its stock exchange is ranked among the world's top exchanges. Tourism, the province's third-largest industry, is also important to the Ontario economy.