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Home » economy » mining » North Korea » northern ontario » Economic News Around the North: August 3rd, 2017 Edition

Economic News Around the North: August 3rd, 2017 Edition

Well, nosotros are nearly to root a long weekend too then why non stock upwards on some reading textile related to the northern Ontario economy.  To root off, a couplet of big pic items amongst of import implications both economically too politically.

Why Canada would live on straight inwards the agency of a North Korean nuclear war. National Post. August 3rd, 2017.

It turns out the globe is circular subsequently all too the shortest road to the U.S. of America from Democratic People's South Korea is a bend too the bend takes North Korean missiles correct over Canada on their agency to destinations similar New York or Denver.  Looking at the map on this story carefully too ane tin flame encounter that the agency to Chicago comes pretty approximately Thunder Bay.  One wonders if the North Koreans are aware that Thunder Bay (actually the twin Lakehead cities of Fort William too Port Arthur) in ane trial styled itself every bit the upwards too coming  "Chicago of the North".  Hopefully, the North Koreans conduct keep updated their intelligence too volition non instruct Thunder Bay confused amongst Chicago - non that it volition genuinely thing much if nosotros caput off into global thermonuclear war.  Where is President Trump's "Wall" when nosotros genuinely take away it? I guess, nosotros should all simply displace to Commonwealth of Australia too hang out "On the Beach" amongst Nevil Shute.

Here inwards the north, nosotros mightiness desire to purpose our enhanced political clout to instruct the Ontario regime to pick out on North Korea. However, some other story inwards the National Post is non besides taken amongst the potential for 2 to a greater extent than northern Ontario riding.

Josh Dehaas: Ontario Liberals plans for 2 novel ridings could violate the Charter too toll PCs the election, National Post, August 3rd, 2017.

In other news:

Thunder Bay Economy Sluggish-Conference Board of Canada. NetNewsLedger, August 3rd, 2017.

Personally, I intend sluggish every bit a description of Thunder Bay's recent economical functioning is a fleck of an understatement.  However, at that spot does seem to live on a fair amount of recent hotel, condo too floor construction too then apparently all things considered a lot of people desire to alive inwards Thunder Bay either permanently or temporarily despite the economic scheme too the bad national publicity.  The Economics Department at Lakehead simply hired a novel colleague too then at that spot is some other add-on to the local population (4 if you lot include family).  Welcome dorsum to Lakehead Karl & family!

New $15 ane 1000 m establish opens inwards Timmins. Sudbury Star, July 20, 2017.

It is heavy manufacture tied to the mining sector.   A  Timmins-based speciality establish called The Bucket Shop for the creation too manufacture of custom heavy equipment buckets for front-end loaders, scoop trams, excavators too fifty-fifty dozer blades for mining too construction industries.  If you lot are inwards Timmins, set a see to it on your bucket list.

Which agency Sault Ste Marie? Northern Ontario Business. August 2nd, 2017.

Tom Dodds resigns from EDC.  Sault Star, August 1st, 2017.

Well, things are economically uncertain inwards the Sault too then it is fourth dimension for a novel strategic approach to economical development. According to the story: " Under the novel organizational flowchart, the EDC volition handgrip draw of piece of job concern retention, attraction too expansion; export opportunities, infrastructure development, too tourism. The Innovation Centre volition oversee applied scientific discipline too invention development, furnish back upwards for tech companies too start-ups, run the Community Geomatics Centre, too handgrip especial projects similar the lottery too gaming initiatives, liberate energy projects, too agricultural opportunities. The municipality, itself, has gear upwards a Community Development Fund too volition steer the evolution of a strategic plan, handgrip community promotion, arts too civilisation evolution too function on the labour front end to attract newcomers too convey habitation ex-pats."

As an economist, restructuring your economical evolution approach is to a greater extent than of a political gesture designed to convey concern for the economic scheme every bit economical fundamentals for the Sault similar much of the northward rest the same.  Still, I am non running for part too if I were I guess I would pick out the take away to hold off proactive.

If you lot are marketing your local economy, this is non good:

Sudbury lands eighth on listing of bed-bug ridden cities. CBC Sudbury, August 1st, 2017.

Sault Ste. Marie came inwards 23rd out of 25.  For once, Thunder Bay did non brand this type of list.

Sudbury is getting a novel events optic (not inwards the downtown) too an economist fifty-fifty suggests how it volition live on paid for - yesteryear taxpayers.

Robinson: how we'll pay for the events centre.  Sudbury Star. July 24th, 2017.

And every bit for the goings on inwards North Bay:

The difficult numbers behind North Bay's population decline. BayToday.ca, August 2nd, 2017.

Well, that is all for this edition of  Economic News Around the North.  By the way, hither is a corking Pan Northern Link for tidings in general. Have a corking long weekend!
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