Hi Mohammad,
As a pronoun, "it" is used to refer to singular nouns.
Let me use your examples to form some complete sentences:
A: It's the roses that I love.
B: It's the cities that draw the most talent.
In such cases, the "It" is something like an anticipatory "It".
In A, "It" means "What I love" (What I love is the roses.)
In B, "It" means "What draws the most talent" (What draws the most talent is the cities.)
As you can see, "is" is still used in A and B because we are focusing on a SINGLE idea. In A, the single idea is "What is the one thing I love?". So, What I love IS....
The same logic applies to B. In B, the single idea is "What single criterion draws the most talent?" So, What draws the most talent IS...
To elaborate a little further with another example, the "It" in the sentence "It is a beautiful day." is an anticipatory "It". It helps the reader to anticipate a noun. In this case, the noun is "day".
In a way, yes, "it" can refer to many nouns, but it refers to many nouns as a SINGLE group.
Example: The judge asked the jury for ITS verdict.
I hope this helps.