Major City Insights
By CBoC Economics Team • Updated: April 17, 2025
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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