"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:
“Much verse fails of being poetry because it was not written exactly at the right crisis, though it may have been inconceivably near to it. It is only by a miracle that poetry is written at all. It is not recoverable thought, but a hue caught from a vaster receding thought.”
—Henry David Thoreau (1817–1862)