This is how many businesses closed down in Toronto last year Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. With a staggering 119,890 jobs lost, Toronto just saw its largest single-year employment decline in recorded history — and that was We have the city's 2020 Toronto Employment Survey to thank for this information, plus a whole bunch of other unsettling economic facts. Set to go before the Planning and Housing Committee at City Hall on Thursday, the 38th annual employment survey reveals that Toronto had 3,480 less business establishments by the end of 2020 than it did at the beginning of the year.