Major City Insights

Near-term uncertainty looms, but local economies should prevail

With the trade war launched by the United States threatening city economies across Canada, which sectors are still poised to expand and add jobs this year—and which will lose them? How much will cuts to international migration affect local population growth, labour markets, housing, and universities and colleges in cities across the country? We share our urban economic outlook, including the expected hit to local GDP if broad-based tariffs are imposed.

This edition of our Major City Insights provides new forecasts for economic growth in 13 major Canadian cities. The forecasts were completed March 7, 2025.

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City Forecasts

4-min read/city

Access the research by clicking the city names’ below.

Smelter stack of a nickel plant

Greater Sudbury

April 3, 2025

Forthcoming

Looking up a glass office building

Guelph

April 3, 2025

Forthcoming

Kingston

April 3, 2025

Forthcoming

Aerial view of Downtown Kitchener at Sunset.

Kitchener–Cambridge–Waterloo

April 17, 2025

Forthcoming

Downtown London, Ontario Park

London

April 10, 2025

Forthcoming

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

Moncton

April 10, 2025

Forthcoming

Oshawa

April 3, 2025

Forthcoming

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

St. Catharines–Niagara

April 7, 2025

Forthcoming

Looking up a glass office building

St. John’s

April 7, 2025

Forthcoming

Thunder Bay

April 7, 2025

Forthcoming

Looking up a glass office building

Windsor

April 10, 2025

Forthcoming

Calgary, Calgary at night, city, cityscape, Alberta

Calgary

January 21, 2025

Forthcoming

Office towers in downtown Edmonton

Edmonton

January 21, 2025

Forthcoming

Halifax skyline with Halifax harbour in foreground.

Halifax

January 30, 2025

Forthcoming

Hamilton

February 3, 2025

Forthcoming

buildings in downtown Montréal

Montréal

February 3, 2025

Forthcoming

Ottawa–Gatineau

January 28, 2025

Forthcoming

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

Québec City

January 30, 2025

Forthcoming

regina, regina canada, regina downtown, city in canada

Regina

January 28, 2025

Forthcoming

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

Saskatoon

January 30, 2025

Forthcoming

Toronto

January 28, 2025

Forthcoming

Condo towers near a marina in Vancouver

Vancouver

January 22, 2025

Forthcoming

Victoria

January 22, 2025

Forthcoming

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

Winnipeg

January 28, 2025

Forthcoming

Calgary, Calgary at night, city, cityscape, Alberta

Calgary

October 30, 2024

Forthcoming

Edmonton

October 31, 2024

Forthcoming

Halifax skyline with Halifax harbour in foreground.

Halifax

October 30, 2024

Forthcoming

Hamilton

October 31, 2024

Forthcoming

buildings in downtown Montréal

Montréal

November 7, 2024

Forthcoming

Ottawa–Gatineau

November 4, 2024

Forthcoming

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

Québec City

November 27, 2024

Forthcoming

regina, regina canada, regina downtown, city in canada

Regina

November 14, 2024

Forthcoming

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

Saskatoon

November 20, 2024

Forthcoming

Toronto

October 30, 2024

Forthcoming

Condo towers near a marina in Vancouver

Vancouver

October 31, 2024

Forthcoming

Victoria

October 30, 2024

Forthcoming

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

Winnipeg

November 14, 2024

Forthcoming

Authors

Economist

Principal Economist

Image Unavailabe

Economist

Economist

Lead Economist

Image Unavailabe

Principal Economist

Senior Economist

Robin Wiebe

Lead Economist

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