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Northeastern Ontario economy is set for a steady climb in 2016.

A new report published by the Ontario and Timmins Chamber of Commerce is outlining what sectors will see a slight jump in the new year and which ones will fall.

Forestry is set to see a boost thanks in large part to a 12% jump in the last nine months compared to last year at the same time. A low Canadian dollar, a solid U.S. economy and a spike in the housing market are also to thank.

President of the Timmins Chamber of Commerce, Kurt Bigeau says is a positive sign to see the forestry sector making gains.

“That said, the report indicates that the challenges being experienced by global mining markets will continue to put some strain on the region’s economy. This just further reinforces the need for governments to act now to protect the competitiveness of our resource sectors to ensure we remain a leading global centre for investment.”

Job growth is in for a modest gain and the jobless rate could fall from 7.9% from 7.5%.

According to the report, the proposed Energy East Pipeline, which cuts across Northeastern Ontario, will also act as an economic driver, and will support more than $700 million in construction activity through to its expected completion in 2018.

While the region experienced strong housing sales in 2015 (7.8 percent residential sales growth), this activity belies underlying weakness in Timmins, Sudbury, Sault Ste. Marie, and North Bay, where average sales prices have slipped year-to-date. Average residential housing prices slipped in 2015, to $212,500, a decline of 1.7 percent.