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At 2500 people Sydney is the administration centre for the Cape Breton Regional Municipality. A former coal and steel giant Sydney's economy is now based on tourism, services, fishing and the University of Cape Breton. In addition, the Canadian Coast Guard College is located in Sydney and the port facilities services many Coast Guard ships. Sydney will also see as many as 50 cruise ships every year.

The new home building slumped after the demise of the coal and steel industries but building has been steadily increasing as people from away are beginning to find out about Cape Breton's great lifestyle.

Sydney is also the service centre for the Newfoundland Ferry and tens of thousands pass through this town and its sister-city, North Sydney. This has been a boon to the building trades as new people move into the area.

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