 Bay Street Bay Street is home to numerous corporate headquarters, high-powered legal firms, insurance companies and stockbrokers. It is the centre of Toronto's financial district and is often used by metonymy to refer to Canada's financial industry just as Wall Street is used in the United States. The name of the street originated in 1797 from the fact that it connected (then) Lot Street (now Queen Street West) to a bay in Toronto harbour. 
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