Major City Insights: Thunder Bay—March 2021

The Conference Board of Canada, March 29, 2021
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The Canadian economy is in its worst downturn in decades. Life across the country is at a standstill due to the COVID-19 pandemic and measures to control it. While the impacts are being felt everywhere, some cities are being hit harder than others.

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Thunder Bay’s real GDP will grow by only 3.5 per cent in 2021, not recouping last year’s 7.8 per cent contraction as the economy was battered by the pandemic.

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