Invest in Hamilton

Welcome to Invest in Hamilton’s Year in Review for 2025.

This year has seen tariffs and the accompanying transformation of Canada’s relationship with our largest trading partner cast a very long, very confounding shadow over every part of life. Five years ago, the world pulled together in common cause in the face of the COVID-19 pandemic. And now, the world is a very different place.

In a recent survey from Statistics Canada, 41.3% of Canadian businesses reported that they were unsure about how long they would be able to continue to operate if tariffs remain at their current levels. In Hamilton, our Tariff Impact Questionnaire saw 57% of respondents estimate a significant impact on their business due to tariffs imposed by the United States.

The findings of our Business Investment and Sector Development’s corporate calling program suggest disruption, potential job losses, and further economic confusion on the horizon for 2026. Even as this report celebrates the successes that Hamilton has achieved in the last 12 months, it would be disingenuous to present our achievements without acknowledging that much work still remains ahead of us.

Yet if I have learnt anything during my time serving Hamilton and its residents, it is that this city does not shy away from a challenge. For nearly two centuries, Hamilton has seen its share of economic turmoil and transformation, and we have never failed to rise to the occasion. We are a city powered by change and growth. And in that spirit, I hope that the 2025 Year in Review shows that good things still happen, no matter what shadows are cast from powers beyond our control.

I would like to thank every investor, developer, and company – every entrepreneur, visionary, and person who shows up until the job is done for believing in our city this year. It remains my singular privilege to lead the team that is supporting your growth. I wish you a safe and happy holiday season, and fair winds in the year ahead.