Major City Insights: Windsor—July 2022

Name: Major City Insights: Windsor—July 2022
SKU: 11723-0405-WEB
Availability: InStock

Canadian Economics

July 21, 2022

Urban City Economic Analysis

7 min read

Author: The Conference Board of Canada

$985.00

Although the threat of COVID-19 is far from over, the economies of most major cities across Canada are back on track and weathering the storm of soaring inflation, rising interest rates, and—in many cities—cooling housing markets. Employment will keep growing this year, particularly in sectors of the economy hardest hit by the pandemic. This edition of our Major City Insights provides new forecasts for growth in 11 major cities in Canada as of June 9, 2022. This publication focuses on the Windsor metropolitan economy.

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Document Highlights

The outlook for Windsor’s auto sector—the lifeblood of the city’s economy—has gone from bleak to rosy in just a matter of months.

The massive $4.9-billion joint venture between Stellantis and LG Energy Solution to build Canada’s first electric vehicle battery manufacturing plant will provide a solid boost to the local economy.

On top of work at the battery plant and retooling at the Stellantis assembly plant, construction on the Gordie Howe Bridge is ongoing and entering its final phase.

The city’s real GDP will grow by 4.9 per cent in 2022 and 3.7 per cent in 2023, on the tails of the economic reopening and construction activity in the auto sector.