The Conference Board of Canada has issued a ‘Major City Insights Greater Sudbury,’ which anticipates positive things for the region’s economy, though life will become less affordable
Buoyed in part by mining, the Greater Sudbury area is expected to continue its path toward pandemic recovery with an employment rate jump and a GDP increase of 3.9 per cent.
The local nickel industry received a boost this year when Vale signed a long-term deal with Tesla to supply the U.S.-based electric vehicle company with nickel. It will take until 2024 until overall employment returns to pre-pandemic levels, “partly because job gains will slow down sharply once the employment upheaval linked to the pandemic fades.”
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