North Sydney: Ray Ivanys

Ray Ivanys: The document, released Wednesday to more than 400 people gathered in Halifax, reports that the Nova Scotia economy is, in Ray Ivanys words, teetering on the brink of long-term decline and, unless we act now, will soon be unable to sustain our standard of living, according to The Chronicle Herald. Car parts firm Magna shut down its North Sydney plant in 2009 and the Donkin coal mine has yet to reopen and Anyone who doubts the largely gloomy conclusions of the Ivany report on the economy should talk to people in Sydney. Sydney, the provinces second largest city, was a bustling steel town as recently as the 1980s. Cape Bretons industrial area was hit first by the closure of the Devco mines, putting 1,700 miners out of work. The steel plant, which employed more than 5,000 at its peak around 1960, closed in 2000 and the fishery has been in a steady decline. (www.immigrantscanada.com). As reported in the news.