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Territorial Outlook Economic Forecast: Spring 2018

The Conference Board of Canada, 80 pages, April 23, 2018
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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

Metals markets are heating up, igniting renewed interest in Canada’s North. Across all three territories, growth will average 2.4 per cent per year between now and 2025, compared with 1.8 per cent nationally.

This will benefit Nunavut and Yukon the most, where gold output will quadruple when new mining capacity comes online.

Yukon’s unemployment rate is the lowest in Canada and with three new mines on the horizon, will stay that way for the next seven years.

Nunavut is also on the cusp of a mining boom.

The Northwest Territories’ economy is about to shift into a lower gear. Gahcho Kué has finished its ramp-up of production and no new diamond mines are expected to be built in the next decade.

Table of Contents

Foreword

OVERVIEW

Nunavut—On the Cusp of a Boom, but Benefits Won’t Be Evenly Shared

  • Overview
  • Mining
  • Construction
  • Demographics
  • Labour Markets
  • Public Accounts

Northwest Territories—Economic Prospects Grim

  • Overview
  • Mining
  • Oil and Gas
  • Construction
  • Demographics
  • Labour Markets
  • Public Accounts

Yukon—Copper and Gold: Yukon Benefits From Either Ore

  • Overview
  • Mining
  • Construction
  • Demographics
  • Labour Markets
  • Public Accounts

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