Major City Insights: Thunder Bay—March 2023

Sea Lion Rock at Sleeping Giant Provincial Park on the shore of Lake Superior near Thunder Bay, Ontario

Major City Insights: Thunder Bay—March 2023

10 min read

Author: The Conference Board of Canada


This publication focuses on the Thunder Bay metropolitan economy.

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This quarter, we look at the impact of higher interest rates and inflation on Thunder Bay’s economy.

With higher borrowing costs and inflation eating away at incomes, which sectors of the local economy will be hit hardest by weakening consumer demand? To what extent will major construction projects, particularly the new jail, cushion the city’s economy from this year’s wider national and global economic slowdowns? We share our outlook for Thunder Bay’s economy, including output, employment, and population growth.

Read the online experience to get our full analysis.

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