Major City Insights: St. Catharines–Niagara—July 2021

The Conference Board of Canada, July 14, 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 St. Catharines–Niagara as of June 3, 2021.

Document Highlights

  • The St. Catharines–Niagara area’s economy is struggling to move past the pandemic. The recovery will be slower than in many other Canadian cities, given the area’s reliance on tourism, which has been muted over the past year.
  • The area’s economy will expand 5.4 per cent this year, with a 4.7 per cent gain on tap for 2022. Much of this growth will occur in late 2021 and in 2022, when we anticipate international borders will reopen, allowing visitors to return to Niagara Falls and other tourist destinations in the area.
  • About 35,000 jobs were lost in the region during the first six months of 2020, with only a partial recovery taking place since.
  • Employment in St. Catharines–Niagara will fully recover by early 2022, when international border restrictions are likely to ease, allowing for tourism to Niagara Falls to receive a much-needed boost.

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