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Article: Thunder Bay on solid footing. (Guest Columnist).(economic recovery)
- Article from:
- Northern Ontario Business
- Article date:
- May 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Laurentian Business Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The 1990s were unkind to Thunder Bay, but the early 21st century has witnessed a stabilization of its economy and there are now prospects for solid future growth and development.
The traditional engines of Thunder Bay's economy are natural resources, transportation and public services. During the 1990s, globalization, shifting markets and technological change reduced employment in the resources and transport sector while government fiscal problems cut public sector jobs.
Between 1995 and 2000, employment levels dropped by four per cent - approximately 2,800 jobs. In the case of federal employment, over the period 1990 to 2002, Thunder Bay saw the ...