The economy in Timmins is predominately based on industries associated with resource extraction and are bolstered by a fulsome network of related supply and service centered businesses.
The economy in Timmins is predominately based on industries associated with resource extraction and are bolstered by a fulsome network of related supply and service centered businesses.
Businesses are generally related to the mining of base and precious metals and minerals, as well as forestry. Since Timmins is the regional centre and hub for shopping, culture, commerce, health, industrial supplies and distribution for northeastern Ontario; the community is the choice for investment from business across all industries.
In Canada, industry statistics are recorded through the use of the North American Industry Classification System (NAICS). The NAICS classifies industries by code, sector and sub-sectors.
The following table depicts the local industries found in Timmins by two (2) digit NAICS code and highlights the size of its respective labour force in 2021.
| Code | Industry | 2021 |
|---|---|---|
| 11 | Agriculture, forestry, fishing and hunting | 434 |
| 21 | Mining, quarrying, and oil and gas extraction | 3,041 |
| 22 | Utilities | 272 |
| 23 | Construction | 1,496 |
| 31-33 | Manufacturing | 807 |
| 41 | Wholesale trade | 654 |
| 44-45 | Retail trade | 2,943 |
| 48-49 | Transportation and warehousing | 996 |
| 51 | Information and cultural industries | 293 |
| 52 | Finance and insurance | 691 |
| 53 | Real estate and rental and leasing | 441 |
| 54 | Professional, scientific and technical services | 1,009 |
| 55 | Management of companies and enterprises | 17 |
| 56 | Administrative and support, waste management and remediation services | 776 |
| 61 | Education services | 1,553 |
| 62 | Health care and social assistance | 3,142 |
| 71 | Arts, entertainment and recreation | 328 |
| 72 | Accommodation and food services | 1,406 |
| 81 | Other services (except public administration) | 1,038 |
| 91 | Public administration | 1,474 |
Source: Statistics Canada. 2016 Census. Last Updated: November 2017
Connect with our team for more information on Local Industries.
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Timmins, Ontario P4N 2M5
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