Economy and Transportation
Marathon's resource economy was built on pulp, most recently managed by Marathon Pulp Inc. On February 12, 2009, Marathon Pulp Inc. announced an indefinite shutdown that eliminated hundreds of jobs from the region, and negatively impacted both to Marathon's tax base and its local economy.
Starting in the mid 1980s Marathon's economy expanded to include gold mining. The Hemlo Operations included three gold mining operations: Williams, David Bell and Golden Giant mines. In 2009, Vancouver-based Teck Cominco mining company sold its 50% share of Williams and David Bell to its investing partner, Barrick Gold Corporation, while Golden Giant was decommissioned in 2005. Golden Giant mine is now owned by Barrick Gold Corporation, and is now part of David bell mine.
Marathon is the center of commerce for the rural region in which it is situated. It boasts the largest indoor shopping mall between Thunder Bay and Sault Ste. Marie, and one of only three Canadian Tire department stores in the region.
Marathon is located 2 km (1.2 mi) west of Trans Canada Highway 17, to which it is connected via Peninsula Road (formerly Highway 626). The town is served by the Canadian Pacific Railway and a geographically important airport (Marathon Aerodrome) just north of the Trans-Canada Highway, approximately 4 km (2.5 mi) northeast of the town.
Read more about this topic: Marathon, Ontario
Famous quotes containing the words economy and and/or economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)