Major City Insights

Sluggish Economic Growth Until Rates Start Easing

Which sectors of the local economies are bearing the brunt of measures to tame inflation? How much will the gradual easing in interest rates expected to start this summer help to bolster consumer spending, job gains, and housing markets in cities across Canada? We share our urban economic outlook, including local GDP, employment, and population growth.

This edition of our Major City Insights provides new forecasts for economic growth in 11 major Canadian cities. The forecasts were completed March 18, 2024.

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City Forecasts

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Access the research by clicking the city names’ below.

Smelter stack of a nickel plant

Greater Sudbury

May 29, 2024

Forthcoming

Looking up a glass office building

Guelph

Month XX, 2024

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Kingston

May 23, 2024

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Aerial view of Downtown Kitchener at Sunset.

Kitchener–Cambridge–Waterloo

May 29, 2024

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Downtown London, Ontario Park

London

May 23, 2024

Forthcoming

Moncton, Moncton New Brunswick, Moncton downtown, city in Canada

Moncton

May 15, 2024

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Oshawa

May 15, 2024

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St. Catharines Ontario, St. Catharines, Niagara Falls, Ontario, city in ontario, Canadian city

St. Catharines–Niagara

Month XX, 2024

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Looking up a glass office building

St. John’s

Month XX, 2024

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Thunder Bay

Month XX, 2024

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Looking up a glass office building

Windsor

Month XX, 2024

Forthcoming

Calgary, Calgary at night, city, cityscape, Alberta

Calgary

February 8, 2024

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Edmonton

February 8, 2024

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Halifax skyline with Halifax harbour in foreground.

Halifax

February 13, 2024

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Burlington Canal Lift Bridge and Queen Elizabeth Way QEW Highway, Ontario, Canada

Hamilton

February 13, 2024

Forthcoming

buildings in downtown Montréal

Montréal

February 8, 2024

Forthcoming

Ottawa skyline at night

Ottawa–Gatineau

February 20, 2024

Forthcoming

People walking on Dufferin terrace at dusk, close to Château Frontenac hotel, Quebec City, Quebec

Québec City

February 22, 2024

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regina, regina canada, regina downtown, city in canada

Regina

February 22, 2024

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Saskatoon, Saskatoon at night, city, city at night, Canadian city

Saskatoon

February 12, 2024

Forthcoming

Toronto

February 12, 2024

Forthcoming

Condo towers near a marina in Vancouver

Vancouver

February 22, 2024

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Victoria, Victoria British Columbia, BC, Fisherman's Warf

Victoria

February 20, 2024

Forthcoming

winnipeg, winnipeg downtown, cityscape, city, winnipeg manitoba, manitoba

Winnipeg

February 12, 2024

Forthcoming

Authors

Economist

Principal Economist

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Economist

Economist

Lead Economist

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Principal Economist

Senior Economist

Robin Wiebe

Lead Economist

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