Major City Insights: St. John’s—November 2023

St. Johns Harbour, St. Johns, Canada

Major City Insights: St. John’s—November 2023

20 min read

Author: The Conference Board of Canada


This publication focuses on the St. John’s metropolitan economy.

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This quarter, we look at how persistent inflation, higher interest rates, and struggles in the province’s offshore oil industry are weighing on the St. John’s economy.

How much is the erosion in consumer purchasing power, along with higher borrowing costs for businesses, slowing economic activity? Which sectors of the local economy are being hit the hardest? We share our outlook for the St. John’s economy, including GDP, employment, and population growth.

Read the online experience to get our full analysis.

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