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Economy of Moncton


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The underpinnings of the local economy are based on Moncton's heritage as a commercial, distribution, transportation and retailing centre. This is due to Moncton's central location in the Maritimes: it has the largest catchment area in Atlantic Canada with 1.4 million people living within a three-hour drive of the city. The insurance, information technology, educational and health care sectors also are major factors in the local economy with the city's two hospitals alone employing over five thousand people.

Moncton has garnered national attention because of the strength of its economy. The local unemployment rate averages around 6%, which is below the national average. In 2004Canadian Business Magazine named it the "The best city for business in Canada", and in 2007 FDi magazine named it the fifth most business friendly small-sized city in North America.

A number of nationally or regionally prominent corporations have their head offices in Moncton including Atlantic Lottery Corporation, Assumption Life Insurance, Medavie Blue Cross Insurance, Armour Transportation Systems, Imvescor, Major Drilling Group International,PropertyGuys.com and Co-op Atlantic.

There are 37 call centres in the city which employ over 5000 people. Some of the larger centres include Asurion, BBM Canada, Exxon Mobil, Royal Bank of Canada, UPS, Fairmont Hotels and Resorts, Rogers Communications and Sitel. A growing high tech sector includes companies such as GTECH, Nanoptix, International Game Technology, OAO Technology Solutions, Trust Me and BelTek Systems Design.



Several arms of the Irving corporate empire have their head offices and major operations in greater Moncton. These include Midland Transport, Majesta/Royale Tissues, Irving Personal Care, Master Packaging, Brunswick News and Cavendish Farms. The Irving group of companies employs several thousand people in the Moncton region.



There are three large industrial parks in the
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