Major City Insights: Winnipeg—Autumn 2021

The Conference Board of Canada, September 27, 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

  • After contracting by 4.7 per cent last year, Winnipeg’s economy is set to rebound by 5.9 per cent in 2021.
  • Manitoba’s summer drought means its farmers will not fully realize benefits from generally rising product prices, hampering their demand for Winnipeg’s goods and services.
  • Winnipeg can also expect only a slow recovery in important industries such as the transportation and warehousing industry and public administration.
  • Manufacturing, the city’s second-largest industry, is poised for healthy recovery of 7.3 per cent in 2021, following two straight years of contraction.

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