Major City Insights: Toronto—May 2023

Toronto's futuristic cityscape during a marvelous sunset with skies painted with amazing palette of colours.

Major City Insights: Toronto—May 2023

4 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 higher interest rates are being felt throughout much of Toronto’s economy.

Will reduced purchasing power for consumers and higher borrowing costs for businesses dampen domestic demand enough to push the city’s economy into a recession? To what extent will headwinds on the global front buffet the local economy? We share our outlook for Toronto’s economy, including GDP, employment, and population growth.

Read the online experience to get our full analysis.

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