Territorial Outlook: Winter 2013

The Conference Board of Canada, 43 pages, March 15, 2013
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The Territorial Outlook provides the economic and fiscal outlook for each of Canada’s three Northern territories, including output by industry, labour markets, and demographics.

Document Highlights

  • Difficulty in obtaining financing has led to plans to develop the Mary River iron ore mine in Nunavut being revised downward. Nevertheless, new mining developments will propel real GDP growth in that territory over the next few years.
  • Real economic growth will remain depressed in the Northwest Territories this year as diamond production declines.
  • New mines are expected to be developed in Yukon, leading to at least five mines producing during the mid and later part of the decade.
  • New mine developments will provide a solid foundation for job creation and income growth over the forecast period.

Table of Contents

Foreword

Overview

Nunavut—Mining’s Future Still Bright

  • Economic Outlook
  • Labour Markets
  • Demographics
  • Public Accounts

Northwest Territories—Metals Outshine Diamonds—Almost

  • Economic Outlook
  • Labour Markets
  • Demographics
  • Public Accounts

Yukon—Yukon’s Economy Builds Momentum

  • Economic Outlook
  • Labour Markets
  • Demographics
  • Public Accounts

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