THUNDER BAY — Led by the ongoing construction of the new $1.2-billion provincial jail, Thunder Bay's economy is projected to grow at better than twice the national rate this year.
In a report issued Monday, the economic think tank said the jail project will continue to boost the local economy, just as it did in 2023 when employment in the city grew 3.3 per cent to a total of 64,000 workers. Senior economist Robin Wiebe, who produced the Thunder Bay forecast, said it's one of the reasons a proposed lithium processing plant in Thunder Bay is an uncertain prospect.But the proponent of the plant, Avalon Advanced Materials, continues to work on the project, saying the outlook for lithium demand is bright.
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