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 word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)