Territorial Outlook: Autumn 2013

The Conference Board of Canada, 57 pages, October 16, 2013
Report
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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

  • Weaker commodity prices and tight capital markets are weighing on real GDP growth in the territories this year.
  • Difficult conditions in the mining industry have led to production and staffing cutbacks in Yukon. As well, mineral exploration spending is expected to be weaker in all territories this year, with Nunavut experiencing the largest pullback.
  • The outlook beyond 2013 is promising, as new mining developments are expected to boost economic growth going forward. More stable global economic conditions will also help support a recovery in base metal prices.
  • New mine developments will provide a solid foundation for job creation and income growth over the next several years.

Table of Contents

Foreword

Overview

Nunavut—Nunavut Not Immune to Weaker Mining Prices

  • Economic Outlook
  • Labour Markets
  • Demographics
  • Public Accounts

Northwest Territories—Mining Growth Slow but Set to Take Off

  • Economic Outlook
  • Labour Markets
  • Demographics
  • Public Accounts

Yukon—A Slowdown This Year for the Yukon Economy

  • Economic Outlook
  • Labour Markets
  • Public Accounts

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