In the peace after 1815, the city at first suffered an economic malaise for a few years, aggravated by the move of the Royal Naval yard to Bermuda in 1818.
However the economy recovered in the next decade led by a very successful local merchant class.
Powerful local entrepreneurs included steamship pioneer Samuel Cunard and the banker Enos Collins.
During the 19th century Halifax became the birthplace of two of Canada's largest banks; local financial institutions included the Halifax Banking Company, Union Bank of Halifax, People's Bank of Halifax, Bank of Nova Scotia, and the Merchants' Bank of Halifax, making the city one of the most important financial centres in colonial British North America and later Canada until the beginning of the 20th century.
This position was somewhat rivalled by neighbouring Saint John, New Brunswick during the city's economic hey-day in the mid-19th century.
Halifax was incorporated as the City of Halifax in 1842.

Throughout the nineteenth century, there were numerous businesses that were developed in HRM that became of national and international importance: The Starr Manufacturing Company, the  Cunard Line, Alexander Keith's Brewery, Morse's Tea Company, among others.

Having played a key role to maintain and expand British power in North America and elsewhere during the 18th century, Halifax played less dramatic roles in the many decades of peace during the 19th Century.
However, as one of the most important British overseas bases, the harbour's defences were successively refortified with the latest artillery defences throughout the century to provide a secure base for British Empire forces.
Nova Scotians and Maritimers were recruited through Halifax for the Crimean War.
The city boomed during the American Civil War, mostly by supplying the wartime economy of the North but also by offering refuge and supplies to Confederate blockade runners.
 The port also saw Canada's first overseas military deployment as a nation to aid the British Empire during the Second Boer War.
In the peace after 1815, the city at first suffered an economic malaise for a few years, aggravated by the move of the Royal Naval yard to Bermuda in 1818. However the economy recovered in the next decade led by a very successful local merchant class. Powerful local entrepreneurs included steamship pioneer Samuel Cunard and the banker Enos Collins. During the 19th century Halifax became the birthplace of two of Canada's largest banks; local financial institutions included the Halifax Banking Company, Union Bank of Halifax, People's Bank of Halifax, Bank of Nova Scotia, and the Merchants' Bank of Halifax, making the city one of the most important financial centres in colonial British North America and later Canada until the beginning of the 20th century. This position was somewhat rivalled by neighbouring Saint John, New Brunswick during the city's economic hey-day in the mid-19th century. Halifax was incorporated as the City of Halifax in 1842.
Throughout the nineteenth century, there were numerous businesses that were developed in HRM that became of national and international importance: The Starr Manufacturing Company, the  Cunard Line, Alexander Keith's Brewery, Morse's Tea Company, among others.
Having played a key role to maintain and expand British power in North America and elsewhere during the 18th century, Halifax played less dramatic roles in the many decades of peace during the 19th Century. However, as one of the most important British overseas bases, the harbour's defences were successively refortified with the latest artillery defences throughout the century to provide a secure base for British Empire forces. Nova Scotians and Maritimers were recruited through Halifax for the Crimean War. The city boomed during the American Civil War, mostly by supplying the wartime economy of the North but also by offering refuge and supplies to Confederate blockade runners.  The port also saw Canada's first overseas military deployment as a nation to aid the British Empire during the Second Boer War.
History of Halifax (former city)