More than a decade after the global financial crisis of 2008-09, Ontario’s northern and rural areas are still struggling to regain the jobs that were lost, according to a Fraser Institute report.
Ben Eisen and Steve Lafleur, two researchers have kept a running tab over the years on how different parts of Ontario have fared since the 2008/09 recession. In a number of studies, they’ve determined that the economic recovery has been uneven across the province.
Their latest study, Uneven Job Creation in Ontario’s Urban Centres from 2008 to 2019, determine that Job creation rates in the Toronto and Ottawa area exceed the national average, while most other cities, smaller towns and rural areas outside these larger centres have experienced little or no job growth since the recession.
Read the full article from Northern Ontario Business HERE.
