May 5, 2026
Home News & Resources Invest in Hamilton April 2026 Newsletter
Welcome to April 2026’s Invest in Hamilton Newsletter.
Though ongoing global conflicts and looming Canada-US trade tensions remain top of mind for my staff and me, I am pleased to use this newsletter to celebrate some local successes.
Most notably, I would like to offer congratulations on behalf of the entire City of Hamilton to our colleagues and partners at the Hamilton Oshawa Port Authority and the Hamilton Container Terminal on receiving approval in principle from the Canada Border Services Agency to operate an inland rail transload terminal at the Port of Hamilton. This is a transformational approval that will accelerate shipping, reduce carbon footprints, and build out Hamilton’s central role in moving goods across the country.
I would also like to recognize Phil Caldwell, Jennifer Roth, and the entire Commercial Districts and Small Business Team for their stewardship of Hamilton’s 10-Year Downtown Hamilton Revitalization Strategy. This visionary document lays out a roadmap for meaningful investments and actions that will promote the Downtown core as a place for all Hamiltonians.
Finally, I would like to thank all of the businesses that have been attending our consultation sessions for the 2026-2030 Economic Development Action Plan. These insights are vital to helping build a reliable roadmap for the years ahead. Public consultations will be coming online in time for the summer, so please watch this space as well as Economic Development’s website and social media channels for more updates. If you were unable to attend a session but would like to contribute, please feel free to connect with my colleague Adam Durrant (adam.durrant@hamilton.ca), and he will provide you with a consultation form.
As is always the case, my team is available to help you navigate the ever-changing nature of the times.
Norm Schleehahn, Director, Economic Development
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In this issue
- April’s Trade and Tariff Update
- Hamilton’s 10-Year Downtown Revitalization Strategy is Approved
- HOPA Ports And Hamilton Container Terminal Receive CBSA Approval
- HIPC’s Annual Event: Reflecting on Recent Achievements
- Updates from the Global Hamilton Office
April's Trade and Tariff Update
While April saw headlines focused on conflict in the Middle East and international negotiations around regional ceasefires and the restoration of freedom of navigation through the Strait of Hormuz, ongoing trade issues between the United States and Canada remain a point of concern. Economic Development staff are particularly focused on the upcoming Canada-United States-Mexico Agreement negotiations.
The Bank of Canada has outlined four probable outcomes to these negotiations:
- CUSMA is extended, with limited changes, for a new term of 16 years until 2042. The current regime is maintained, which reduces uncertainty for exporters and around integrated supply chains.
- CUSMA has been significantly renegotiated. This could make trade more expensive. For example, stricter rules around proving where a product was made (rules of origin) or a smaller discount on CUSMA-compliant goods (reduced tariff preferences) would increase effective trade costs. At the same time, as part of the negotiations, some sectoral tariff rates could be lowered, reducing trade costs.
- Members withdraw from CUSMA. This could result in a significant increase in trade barriers. Alternatively, parties could agree to bilateral trade deals.
- No agreement is reached, and CUSMA is reviewed every year until an extension is negotiated or the agreement expires in 2036. This would prolong uncertainty.
On April 27, 2026, the Government of Canada introduced the Canada Strong Fund. This fund is being positioned as Canada’s first national sovereign wealth fund. With an initial federal contribution of $25 billion dollars, the fund is expected to collaborate with the private sector on Canadian projects that will drive economic transformation in clean and conventional energy, critical minerals, agriculture, and infrastructure.
Local businesses seeking support for tariff impacts can review current provincial and federal programs in our Trade and Tariffs Resource Hub.
Hamilton's 10-Year Downtown Revitalization Strategy is Approved
Economic Development’s Commercial Districts and Small Business team marked a major milestone on April 15, 2026, as Hamilton City Council’s General Issues Committee passed the 10-Year Downtown Revitalization Strategy. The strategy was then ratified by City Council on April 22, 2026.
The strategy’s approval is a major achievement for Hamilton. The Strategy and its associated actions are rooted in public and stakeholder consultation, as well as feedback from Hamilton’s City Council.
Key components of the strategy include 67 priority actions and several transformative initiatives, with the highest priority placed on implementing actions within the first five years. The strategy also emphasizes the importance of the City advocating to other levels of government to address systemic community issues that are essential for achieving long‑term revitalization in Downtown Hamilton.
The Economic Development Office is allocating annual funds toward the implementation of the strategy, ensuring the strategy is action-oriented and appropriately supported.
Photo courtesy of HOPA
HOPA Ports and Hamilton Container Terminal Receive CBSA Approval in Principle
City staff and elected officials joined our partners at the Hamilton Oshawa Port Authority to celebrate the Hamilton Container Terminal’s approval in principle of a license to operate a new inland transload terminal for shipping containers.
This approval further strengthens Hamilton’s value proposition as one of Canada’s true multi-modal cities. It will allow for moving containers by rail directly into Hamilton from Canada’s major shipping hubs, including Montreal, Halifax, Saint John, Vancouver, and Prince Rupert. When the transload facility is fully online, it will provide a new export capacity for Hamilton. This will, in turn, position Hamilton as a cost-saving export gateway in Southern Ontario.
In addition to supporting local exporters, this project represents a climate-positive change for Hamilton and Ontario. Once the rail terminal is fully online, it is anticipated to reduce approximately 930,000 truck‑kilometres annually on southern Ontario highways. This will yield an estimated reduction of 1,900 to 3,900 tonnes of Carbon Dioxide emissions each year.
HIPC's Annual Event: Reflecting on Recent Achievements
The Hamilton Immigration Partnership Council (HIPC) celebrated their annual event on April 21.
This event provided an opportunity to reflect on HIPC’s work over the past year, celebrating key achievements since the launch of their 2025-2028 Community Plan, which guides their efforts.
Highlights of the event included a musical performance by Keith Silver, Juno performer and singer‑songwriter from Six Nations of the Grand River Territory. The morning also featured reflections on the work of HIPC’s committees, and a plenary session on Immigration and Settlement, moderated by Terri Bedminster (Refuge Newcomer Health), featuring speakers: Amanda Sim, McMaster University, Jemimah Amos, Good Shepherd, Luc Bonaventure Amoussou, Immigrants Working Centre, and Mary Crea‑Aresenio, McMaster University.
Call for Vendors: Hamilton Newcomer Day 2026
Hamilton Newcomer Day is returning this year—and we’re inviting local organizations, community groups, and businesses to participate as vendors.
Newcomer Day is a city‑wide celebration welcoming immigrants, refugees, international students, and all newcomers who have recently made Hamilton their home. The event brings together settlement services, employers, educational institutions, cultural groups, and local entrepreneurs to help newcomers build connections and discover the resources available to them.
- We are currently seeking vendors who can offer:
- Settlement and community supports
- Employment and training opportunities
- Health, education, and family services
- Cultural programming or community engagement
- Products or services that support newcomer integration
Participating as a vendor is a valuable opportunity to share information, meet residents, and help shape an inclusive, welcoming Hamilton.
Updates from the Global Hamilton Office
Economic Development’s Global Hamilton Office focuses on investment attraction and trade, and further supports the retention of international entrepreneurs and students who call Hamilton home.
These efforts are part of a broad, collaborative knowledge-sharing network within the Hamilton business ecosystem. The Global Hamilton Round Up is an extension of that network and provides a snapshot of Canada-wide opportunities for export, trade missions, and talent development.
Every month, the Global Hamilton Office provides comprehensive updates and knowledge sharing to help support collaboration and growth across Hamilton’s internationally-focused economic development ecosystem.
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.