Major City Insights

Headwinds tame short-term outlook

How much are trade tensions with the United States and China weighing on consumer confidence and holding back business investment in cities across Canada? Which sectors of local economies are still on track to expand and add jobs this year—and which will lose them? 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 24 major Canadian cities. The forecasts were completed September 12th, 2025.

Read the online experience to get our full analysis.