The city's economy is stable and diversified, primarily based on its traditional transportation, distribution, retailing, and commercial heritage, and supplemented by strength in the educational, health care, financial, information technology, and insurance sectors. The city adopted the motto Resurgo (Latin: I rise again) after its rebirth as a railway town. In 1871, the Intercolonial Railway of Canada had chosen Moncton as its headquarters, and Moncton remained a railway town for well over a century until the closure of the Canadian National Railway (CNR) locomotive shops in the late 1980s.ДЄlthough the economy of Moncton was traumatized twice-by the collapse of the shipbuilding industry in the 1860s and by the closure of the CNR locomotive shops in the 1980s-the city was able to rebound strongly on both occasions. Moncton regained its charter in 1875 after the community's economy rebounded, mainly due to a growing railway industry. However, the shipbuilding economy collapsed in the 1860s, causing the town to lose its civic charter in 1862. A significant wooden shipbuilding industry had developed in the community by the mid-1840s, allowing for the civic incorporation in 1855. Robert Monckton, the British officer who had captured nearby Fort BeausГ©jour a century earlier. Initially an agricultural settlement, Moncton was not incorporated until 1855. ДЄlthough the Moncton area was first settled in 1733, Moncton was officially founded in 1766 with the arrival of Pennsylvania Germans immigrants from Philadelphia. The CMA includes the neighbouring city of Dieppe and the town of Riverview, as well as adjacent suburban areas in Westmorland and Albert counties. Greater Moncton has a population of 144,810 (2016), making it the largest city and census metropolitan area (CMA) in New Brunswick, and the second-largest city and CMA in the Maritime Provinces. The city proper has a population of 71,889 (2016) and a land area of 142В km 2 (55В sqВ mi). The city has earned the nickname 'Hub City' because of its central inland location in the region and its history as a railway and land transportation hub for the Maritimes. Situated in the Petitcodiac River Valley, Moncton lies at the geographic centre of the Maritime Provinces. Moncton ( / Л€ m КЊ Е‹ k t Й™n/ French pronunciation:В вЂ‹ ) is the largest urban centre in the Canadian province of New Brunswick.

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