Major City Insights: Toronto—February 2024

Major City Insights: Toronto—February 2024

15 min read

Author: The Conference Board of Canada


This publication focuses on the Toronto metropolitan economy.

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This quarter, we look at how much measures to tame inflation are weighing on consumer and business confidence in Toronto.

With the first rate cut not expected until later this year, to what extent will higher interest rates stifle consumer spending, employment growth, and the housing market over the next several months? Despite these pressures, which sectors of the city’s economy will expand and add jobs? We share our outlook for Toronto’s economy, including GDP, employment, and population growth.

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