Major City Insights: Greater Sudbury—July 2021

The Conference Board of Canada, July 13, 2021
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Climbing vaccination rates mean cities across Canada are poised to bounce back from COVID-19-induced recessions this year. Hot housing markets and pent-up demand for in-person shopping, eating in restaurants, and travel will all help fuel the economic recovery.

This edition of Major City Insights provides our new forecast for growth in Greater Sudbury as of June 3, 2021.

Document Highlights

  • The pandemic weighed on Greater Sudbury’s economy in 2020, leading to a real GDP decline of 6.0 per cent, worse than the provincial decline of 5.0 per cent. Much of this difference can be attributed to the poor performance of services-producing industries in Sudbury, which contracted by 6.3 per cent compared with the provincial drop of only 3.6 per cent.
  • With pandemic-related restrictions now easing, Sudbury’s economy will grow by 5.2 per cent in 2021, followed by 2.6 per cent growth in 2022.
  • Even with economic growth picking up in the second half of this year, employment in Sudbury won’t recover to pre-pandemic levels until next year, especially in some of the hardest-hit sectors of the economy. Overall employment will grow by 3.5 per cent in 2021 and 5.7 per cent in 2022.
  • Sudbury is a large producer of nickel, and the growing need for batteries in electric vehicles will likely support mining output in the city.

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