2015 was a difficult year for the Territories. The mining sector has faced strong headwinds due to depressed global prices and weak demand. As a result of the downturn in this key industry, all three territories faced difficult economic conditions in 2015, and 2016 is looking like another year of struggle.There is some good news of course. Public investment in much-needed infrastructure will be the driver of modest growth in Nunavut and Yukon, while the Northwest Territories are bracing for yet another difficult year. The medium and long-term outlook is somewhat brighter as additional mines come online around the turn of the next decade. But what should communities, government, and industry be doing now to brace themselves for short-term economic struggle?
Join Economist Elise Martin, as she provide the economic and fiscal outlook for each territory, including demographic make-up, output by industry, and labour market conditions. You won’t want to miss this expert analysis and discussion of the most up-to-date economic outlook for the Northwest Territories, Nunavut and Yukon, using the Conference Board's unique forecasting model for the territories.
To set the stage, Marie Christine Bernard, Associate Director of Provincial and Territorial Outlook will present the Conference Board's world, U.S. and Canadian economic forecasts, as well as fiscal and monetary policy.