Toronto will have the fastest growing economy this year, according to The Conference Board of Canada’s Metropolitan Outlook: Spring 2017. 

The metropolitan area’s gross domestic product (GDP) growth is forecast to expand 2.7 per cent this year and an additional 2.5 per cent next year.

"Although economic growth is forecast to ease in 2017, Toronto will still be the metropolitan growth leader in Canada this year," Alan Arcand, associate director at the Centre for Municipal Studies, said in a statement. "Hamilton's economy is expected to climb by 2.0 per cent this year, continuing a string of 2 per cent or greater advances that began in 2014. Meanwhile, positive economic momentum in Ottawa-Gatineau will propel growth to 2.3 per cent, thanks to an expanding public sector and a bright tourism outlook as travellers flock to the nation's capital to take part in events and activities for the 150th anniversary of Confederation."

Hamilton is also expected to do well, with GDP gains of 2 per cent forecast for both this year and next year. Ottawa-Gatineau’s economy should also grow this year, thanks in part to the boost in tourism as Canada celebrates the sesquicentennial anniversary of Confederation.