"Moncton Miracle"
Diversification in the early 1990s saw the rise of information technology, led by call centres which made use of the city's bilingual workforce. Bilingualism was heavily promoted by premier Frank McKenna's government to attract the call centre industry in order to provide a temporary employment "bridge" for the city as it transitioned from the old economy to a more modern one. By the late 1990s, retail, manufacturing and service expansion began to occur in all sectors and within a decade of the closure of the CN locomotive shops, Moncton had more than made up for its employment losses. This turnaround in the fortunes of the city has been termed the "Moncton Miracle".
Read more about this topic: History Of Moncton
Famous quotes containing the word miracle:
“According to the historian, they escaped as by a miracle all roving bands of Indians, and reached their homes in safety, with their trophies, for which the General Court paid them fifty pounds. The family of Hannah Dustan all assembled alive once more, except the infant whose brains were dashed out against the apple tree, and there have been many who in later time have lived to say that they have eaten of the fruit of that apple tree.”
—Henry David Thoreau (1817–1862)