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Major City Insights: Ottawa–Gatineau—Autumn 2021 The Conference Board of Canada, September 27, 2021 Online Experience

Major City Insights: Ottawa–Gatineau—Autumn 2021

The Conference Board of Canada, September 27, 2021
Online Experience

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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 After contracting by an unprecedented 4.1 per cent in 2020, Ottawa–Gatineau’s economy is poised for a 6.6 per cent expansion this year. The city’s concentration in the public sector has been a major contributor to its relatively swift recovery in 2021. The construction industry is also adding to our bright outlook this year. An incredibly hot start to the year on the housing front and optimism about projects such as the city’s ongoing light-rail transit (LRT) development will propel construction activity over the short term. Meanwhile, the return of tourism is expected to provide a boost for the region’s economy in the second half of the year.

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

After contracting by an unprecedented 4.1 per cent in 2020, Ottawa–Gatineau’s economy is poised for a 6.6 per cent expansion this year.
The city’s concentration in the public sector has been a major contributor to its relatively swift recovery in 2021.
The construction industry is also adding to our bright outlook this year. An incredibly hot start to the year on the housing front and optimism about projects such as the city’s ongoing light-rail transit (LRT) development will propel construction activity over the short term.
Meanwhile, the return of tourism is expected to provide a boost for the region’s economy in the second half of the year.

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