Jun 29, 2026
Home News & Resources Invest in Hamilton June 2026 Newsletter
Hello and welcome to June’s Invest in Hamilton Newsletter. My name is Ray Kessler, and I’m pleased to bring you this update while Norm Schleehahn serves as Acting General Manager of the Planning and Economic Development Department.
Some readers may know me from my role as the City’s Chief Corporate Real Estate Officer. In this position, I lead a team of dedicated professionals responsible for managing the City’s extensive portfolio of real property interests. Our work helps ensure that City-owned lands are managed effectively while supporting key City Council priorities, including downtown entertainment assets and the creation of attainable housing opportunities.
Amid these leadership changes, I remain fully confident in the staff of the Economic Development Division. We are committed to supporting Hamilton’s business community and helping build a future that all Hamiltonians can enjoy.
In recent weeks, the city has seen several significant investments come to fruition. At the Port of Hamilton, Sucro Can Sourcing completed work on Canada’s largest sugar refinery. Porter Airlines expanded travel options for Canadians through John C. Munro Hamilton International Airport. Rain Carbon celebrated the opening of its new research centre. In addition, our City of Hamilton colleagues in the Information Systems and Cartography Planning group launched the 2026 Employer Inventory Survey, an initiative designed to connect with each of Hamilton’s more than 16,000 businesses.
As change continues to be a constant for all of us, the Economic Development team remains here to support you and your business, regardless of size, scope, or mission. I invite you to connect with me or any member of our team. We look forward to working with you.
Ray Kessler, Acting Director, Economic Development
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In this issue
- June’s Trade and Tariff Update
- Canada’s Largest Sugar Refinery Goes Online in Hamilton
- Coming Soon to Your Business: The 2026 Employment Inventory Survey
- Rain Carbon Launches New Research and Development Hub
- Celebrating Newcomer Day in Hamilton
- Laval Meets Hamilton at McMaster Innovation Park
- Planning for the Future at the Bay Area Economic Summit
- Updates from the Global Hamilton Office
June's Trade and Tariff Update
Economic Development staff continue to monitor the evolving trade and tariff landscape. At the end of April, the Government of Canada convened the inaugural meeting of the Advisory Committee on Canada-U.S. Economic Relations. The committee brings together leaders from across the Canadian economy to provide expert advice on the ongoing evolution of the Canada-U.S. economic relationship. Discussions emphasized the importance of preserving Canada’s preferential access to the U.S. market, which enables the majority of bilateral trade between the two countries to occur without tariffs.
In its May update on Canadian international merchandise trade, Statistics Canada reported Canada’s first trade surplus of 2026. During the March 2026 reporting period, exports rose 8.5% to $72.8 billion, while imports declined 1.6% to $71.0 billion. Increased exports were driven primarily by gains in metal and non-metallic mineral products, as well as energy products. Statistics Canada cited the economic impacts of the ongoing conflict in the Middle East as a key factor contributing to this growth. The April data release, published on June 9, 2026, showed the trend continuing, with exports increasing to $75.2 billion and resulting in a trade surplus of $2.7 billion.
In a letter delivered to the United States government on May 7, 2026, a coalition of automakers called for the continuation of a free trade agreement that includes Canada and Mexico. The group, comprising General Motors, Volkswagen, Tesla, Toyota, Hyundai, and other major automotive manufacturers, warned against dividing CUSMA/USMCA into separate bilateral trade agreements.
Closer to home, the Government of Ontario announced the province’s Defence Industrial Strategy on May 28, 2026. Ontario’s first-ever defence strategy identifies southern Ontario as home to several key clusters relevant to the defence sector, including quantum computing, cybersecurity, advanced military-industrial manufacturing, and a comprehensive defence and aerospace ecosystem. Over the next decade, the strategy aims to create 43,000 jobs while positioning Ontario as a critical partner in allied defence and security initiatives.
Ahead of trilateral CUSMA negotiations, Mexico and the European Union signed a free trade agreement on May 22, 2026. Previously focused primarily on industrial goods, the agreement was expanded to include services, government procurement, digital trade, and agricultural products.
On June 8, 2026, the United States amended its Section 232 tariffs on certain aluminum, steel, and copper imports. Tariffs on agricultural machinery, residential heating, air conditioning, and ventilation equipment were reduced from 25% to 15%. In addition, mobile industrial equipment, including bulldozers and forklifts, became subject to a 15% tariff.
Canada also introduced a provisional 200-day tariff on global imports of canned vegetables, excluding imports from the United States, Mexico, Chile, Israel, and developing countries covered by existing trade obligations. The 10% tariff came into effect on June 19, 2026.
The upcoming July 1, 2026, joint review of CUSMA remains a significant source of uncertainty for businesses monitoring trade and tariff developments. The review process enables member countries to determine, by consensus, whether to renew the agreement for an additional 16 years. If consensus is not reached, joint reviews are expected to take place annually until the agreement’s scheduled expiry in 2036 or until an extension is negotiated.
Local businesses seeking assistance in navigating tariff-related impacts can access information on current provincial and federal support programs through the tariff hub.
Canada's Largest Sugar Refinery Goes Online in Hamilton
It was a beautiful day on May 8, 2026, when Sucro Can Canada officially cut the ribbon on its state-of-the-art sugar refinery at Pier 15 in the Port of Hamilton.
The $135 million facility is now the largest sugar refinery in Canada, with the capacity to produce more than one million metric tonnes of refined sugar annually. This significant investment provides unprecedented support to Hamilton’s agri-food and food and beverage manufacturing sectors.
Located at the Port of Hamilton, the refinery benefits from direct access to marine, rail, and road transportation networks. These multimodal connections help shorten and stabilize supply chains, reduce carbon emissions, and improve access to sugar for food manufacturers in Hamilton and across Ontario and Quebec.
In its first year of operation, the refinery is expected to receive 10 shipments of raw sugar by vessel, with that number projected to increase to 14 shipments in 2027. The facility currently employs 65 skilled workers, with additional job growth anticipated as production volumes continue to increase year over year.
Coming Soon to Your Business: The 2026 Employment Inventory Survey
This summer, businesses across Hamilton can expect a friendly visit from a team of student surveyors as part of the 2026 Employment Inventory Survey.
The Employment Inventory Survey is an annual, city-wide initiative that collects information on local business activity and employment. The survey’s purpose is to capture the voice of Hamilton’s business community and build an evidence-based dataset that helps inform the City of Hamilton’s planning, economic development, and infrastructure decisions.
Between now and the end of August, the survey team will work to connect with every professional, commercial, and industrial business in Hamilton. Student surveyors will conduct brief in-person interviews, asking businesses to complete a simple questionnaire that takes approximately two minutes to finish.
Businesses also have the option of participating online through a web form available on the City of Hamilton’s website. This provides a convenient alternative for organizations that prefer to submit their information electronically or for situations where on-site staff are unavailable to complete the survey with a student surveyor.
If you would like to complete the survey now, please use the link below and consider sharing it within your business network. Your participation helps ensure that Hamilton’s future planning and investment decisions are informed by accurate and up-to-date business data.
Rain Carbon Launches New Research and Development Hub
On June 2, 2026, Rain Carbon welcomed members of the Hamilton community to the grand opening of its new state-of-the-art research and development facility. The 30,000-square-foot centre will serve as a hub for advanced research into battery anode materials used in lithium-ion batteries, while also providing technical assessments of battery cell performance. This work will help advance the next generation of electric vehicles and contribute to the development of innovative energy storage solutions that support Canada’s growing green economy.
Rain Carbon selected Hamilton as the location for its North American innovation hub due to the city’s strategic position within Ontario’s industrial supply chain. Hamilton’s access to a highly skilled workforce, combined with the research capabilities and talent pipeline provided by its three post-secondary institutions, further reinforced the company’s long-term growth plans.
The facility is already establishing Hamilton as a contributor to global innovation in energy storage and battery technology. Active research partnerships with Next Generation Manufacturing Canada and the Canada-Germany Collaborative Industrial Research and Development Program demonstrate Rain Carbon’s commitment to advancing cutting-edge research while strengthening Hamilton’s role in the future of clean technology and advanced manufacturing.
Celebrating Newcomer Day in Hamilton
Hamilton Newcomer Day 2026 welcomed more than 1,000 attendees for a vibrant celebration of diversity, connection, and community spirit. One of the day’s most memorable moments was the citizenship ceremony, where 29 new Canadians proudly took this important step in their journey. City staff were honoured to witness and celebrate this milestone alongside participants, their families, and the broader community.
From the lively Community Zone and collaborative mural project to the bustling marketplace, the event was filled with energy, meaningful connections, and opportunities to engage with local organizations. Attendees also enjoyed inspiring speakers, cultural experiences, and activities that showcased the diversity and strength of Hamilton’s community.
Newcomer Day 2026 served as a joyful reminder of what makes Hamilton such a welcoming and inclusive city. When residents come together to celebrate and support one another, they help create a community where everyone feels valued, respected, and empowered to belong.
The Hamilton Immigration Partnership Council extends its sincere thanks to the 40 dedicated volunteers, as well as the event’s sponsors, partners, newcomers, and community members whose contributions helped make this year’s celebration a tremendous success.
Laval Meets Hamilton at McMaster Innovation Park
On May 14, 2026, members of Hamilton’s Economic Development team welcomed a delegation from Laval, Quebec, as part of the City of Laval’s trade mission to Ontario.
During their visit to Hamilton, delegates learned about the city’s development priorities and emerging economic opportunities, while also sharing insights into technological innovations and industry advancements taking place in Quebec. The discussions provided an opportunity to explore areas of mutual interest and establish a foundation for continued dialogue and collaboration between two cities recognized for their strong manufacturing traditions and growing innovation ecosystems.
The visit highlighted the value of interprovincial partnerships in supporting economic growth, fostering innovation, and strengthening business connections across Canada.
While in Hamilton, the Laval delegation also attended Innovation Factory’s Big DiF Showcase, gaining firsthand exposure to the region’s entrepreneurial and technology sectors. The event provided an additional opportunity to build relationships, exchange ideas, and strengthen connections between Ontario’s and Quebec’s innovation communities.
Planning for the Future at the Bay Area Economic Summit
Leaders from across Hamilton and Burlington came together on June 4, 2026, for the Annual Bay Area Economic Summit, a premier event focused on the opportunities and challenges shaping the region’s economic future.
Norm Schleehahn, Acting General Manager of Planning and Economic Development for the City of Hamilton, moderated a panel of industry leaders who engaged in a thoughtful discussion on the emerging impacts of artificial intelligence. The conversation explored the opportunities and challenges associated with AI adoption, the evolving landscape of AI governance, and the ways this rapidly advancing technology is transforming industries, workplaces, and business operations. Panellists also examined how Canada can strengthen its position and remain competitive in an increasingly AI-driven global economy.
Additional insights were provided by The Honourable John-Paul Danko, Member of Parliament for Hamilton West–Ancaster–Dundas, who spoke about Canada’s National Artificial Intelligence Strategy and the country’s role in supporting innovation, investment, and responsible AI development.
The Economic Development Office was proud to sponsor an event that encourages collaboration across municipal boundaries, fosters meaningful dialogue among business and community leaders, and helps build a stronger, more connected regional economy.
Updates from the Global Hamilton Office
Economic Development’s Global Hamilton Office is dedicated to attracting investment, supporting international trade, and fostering the success of international entrepreneurs and students who choose to live, work, and build their futures in Hamilton.
These efforts are strengthened through a broad network of partnerships and collaborative knowledge-sharing across Hamilton’s business and economic development ecosystem. The Global Hamilton Round Up is an extension of that network, providing a snapshot of opportunities from across Canada related to exporting, international trade missions, talent development, and global business growth.
Each month, the Global Hamilton Office shares updates, resources, and insights designed to support collaboration, strengthen connections, and promote growth within Hamilton’s internationally focused economic development community. Through this ongoing exchange of information, the office helps local businesses, institutions, and partners stay informed and connected to opportunities in an increasingly global economy.
Would you like to know more?
The Hamilton Economic Development Division serves Hamilton by facilitating sustainable economic and ecological development aligned with the 2022-2026 Council Priorities. This goal is achieved through the attraction of new businesses, the retention and expansion of existing businesses, and the creation of quality employment opportunities.
Economic Development serves established businesses, start-ups, and entrepreneurs. For more information about starting or growing a business in Hamilton, please don’t hesitate to contact our staff through this link.