Major City Insights: Hamilton—Autumn 2021

The Conference Board of Canada, October 6, 2021
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Thanks to COVID-19 vaccines and reduced public health restrictions, economic momentum in major cities across the country is building. Vaccine passes will help to prevent new restrictions, but the presence of variants is still a downside risk to our outlook.

Document Highlights

  • Following a rough year in 2020, Hamilton’s economy is forecast to turn a corner in 2021, expanding by 6.8 per cent.
  • The easing of many restrictions in recent months has already boosted consumer confidence and stoked greater economic activity in the city.
  • However, the COVID-19 pandemic is still very present and does pose a downside risk to the outlook for some sectors of the city’s economy.
  • The fact that over 70 per cent of Hamilton’s residents are fully vaccinated will hopefully help to lessen the potential adverse impact of the fourth wave on the city’s economy. Ontario’s vaccine passport enforcement for some non-essential services will also stop the fourth wave from significantly derailing city’s economic progress.

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