Major City Insights: Guelph—December 2023

Guelph, Guelph downtown, bridge, Canadian city

Major City Insights: Guelph—December 2023

Pages:1 pages18 min read

Author: The Conference Board of Canada


This publication focuses on the Guelph metropolitan economy.

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This quarter, we look at how persistent inflation and higher interest rates are weighing on both the household and business sectors of Guelph’s economy.

How much will the erosion in consumer purchasing power and higher borrowing costs for businesses dampen domestic demand over the next several months? Despite these pressures, which sectors of the local economy have continued to add jobs this year? We share our outlook for Guelph’s economy, including GDP, employment, and population growth.

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