Commodity prices drive the 3 territorial economies— so it is no surprise that the forecasts for Yukon, Northwest Territories and Nunavut are down compared to the peak of the commodity cycle.
The mining sector has been in a downturn for several years, but does the recent rally in many commodity prices suggest that the worst may be over? Is this recovery going to phase out quickly or will it spark renewed interest in developing new mines in the North?
In the meantime, public infrastructure spending across the North is strong and provides some economic strength.
The uncertainty in the global economy means that you need the best analysis for business and policy decision-making in the North. Get the most comprehensive outlook available for the Northwest Territories, Nunavut and Yukon.