The U.S. economy continued to gain momentum this quarter with falling unemployment rates and rising consumer spending, resulting in strengthening U.S. demand for Canadian-made goods. The transportation and logistics sectors in the GTA have increased hiring in anticipation of a higher demand for services to move Canadianmade goods to U.S. consumers. The retail trade sector also increased hiring thanks to an elevated level of activity in the residential real estate sector supporting retail sales. A jump in the number of commercial building permits issued in Ontario also suggests a strengthening in business confidence.
Source : Cushman & Wakefield