Major City Insights: Trois-Rivières—July 2021

The Conference Board of Canada, July 29, 2021
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Climbing vaccination rates mean cities across Canada are poised to bounce back from COVID-19-induced recessions this year. Hot housing markets and pent-up demand for in-person shopping, eating in restaurants, and travel will all help fuel the economic recovery.

This edition of Major City Insights provides our new forecast for growth in Trois-Rivières as of June 3, 2021.

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Document Highlights

  • Real GDP contracted by 5.4 per cent in Trois-Rivières in 2020 as the city was hit by a series of lockdowns and business closures to contain the spread of COVID-19.
  • The city’s economy will rebound by 5.1 per cent in 2021 despite the strong second and third waves of the pandemic in Quebec. Trois-Rivières was able to maintain a relatively stable daily case count, and the region’s alert level was downgraded from red to orange in March, effectively reopening parts of the economy, such as restaurants and other non-essential businesses, earlier than in other cities in the province.
  • The second wave of the pandemic, which hit particularly hard in December and early January, led to a 3.4 per cent drop in employment in the first quarter of 2021.
  • Despite the rocky start to 2021, job growth picked up in the second quarter, and we project employment will exceed its pre-pandemic level in the third quarter of 2021.
  • Faits saillants

    • Translation to come…

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