Major City Insights: Montréal—April 2023

buildings in downtown Montréal

Major City Insights: Montréal—April 2023

10 min read

Author: The Conference Board of Canada


This publication focuses on the Montréal metropolitan economy. This document contains both the French and the English versions of the articles. Le dossier entier contient les versions en français et en anglais des articles.

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This quarter, we look at how higher interest rates are starting to be felt throughout much of Montréal’s economy.

Will the combination of flagging consumer confidence, higher borrowing costs for businesses, and lower immigration relative to other parts of Canada be enough to push the city into a recession? To what extent will lower targets for permanent resident admissions in Quebec mean the challenge of labour shortages will remain acute, even as labour demand softens this year? We share our outlook for Montréal’s economy, including GDP, employment, and population growth.

Read the online experience to get our full analysis.

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