Peel's Economic Pulse

Peel’s Economic Pulse is an annual report that tracks the health (“pulse”) of Peel’s economy. It explains how the local economy is doing now and what may happen in the near future.

2025 Economic Highlights

In 2025, Peel Region faced significant economic challenges, and the changes in most performance indicators were negative.

• Changes in global, federal, and provincial policies affected Peel’s economic growth.
• New tariffs introduced by the United States and lower Canadian immigration had a negative impact on Peel, which relies heavily on trade and immigration to support growth.
• High prices and higher interest rates slowed business and spending activity across Peel, increasing living costs for residents and making it more expensive for businesses to operate and grow.

Looking ahead

There was a lot of uncertainty about the economy in early 2026 because of increased tensions between countries around the world. These tensions created additional risks for Peel’s economy.

Despite these challenges, Peel continues to attract new residents and businesses. This helps support future growth and a strong economy for Peel’s future.

Download the report: Peel’s Economic Pulse – 2025 Performance and Outlook