Communities with more resilient economies experience less shock. And economies that are both resilient and high-growth experience shorter recovery periods. This pandemic has provided us with an opportunity to take measure of our regional and city economies and to better understand the fundamental drivers. A key to our future resiliency is the continued growth and development of diverse, export-driven economies across Canada. Surprisingly, some clusters across Canada have an opportunity for expansion during this time — transportation, e-commerce, and health sciences — while others will need support. Economic development officials across Canada must assess the sectors that are most vulnerable in the short to medium run, evaluate the impacts this will have for their labour markets and communities, and plan accordingly to make their economies more resilient and robust.
