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Economic forecast looks bright for Sudbury (2/02)

The Conference Board of Canada gave Sudbury a tentative thumbs-up in its economic forecasts for Canadian cities in 2002.
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The Conference Board of Canada gave Sudbury a tentative thumbs-up in its economic forecasts for Canadian cities in 2002. The independent applied research institute expects the city's gross domestic product (GDP) to rebound from last year's weak industry demand for nickel, which caused service-sector job losses, and improve 2.3 per cent this year. Labour market information indicates the local economy may stabilize. That prediction ranks Sudbury ahead of Toronto, Vancouver and Ottawa-Hull, but behind Edmonton, Calgary and St. Catharines-Niagara. The long-term forecast for the city calls for modest growth of only 2.6 per cent between 2003 and 2006.




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