E-Library

Rising Gold Production Spurs Growth: Nunavut’s Outlook to 2045—March 2022 The Conference Board of Canada, 15 pages, March 24, 2022 Issue Briefing

Rising Gold Production Spurs Growth: Nunavut’s Outlook to 2045—March 2022

The Conference Board of Canada, 15 pages, March 24, 2022
Issue Briefing

1 2 3 4 5	0 reviews

(You must be signed in and entitled to rate this report)

The 20-Year Territorial Outlook provides the economic and fiscal outlook for Nunavut, including output by industry, labour markets, and demographics. Document Highlights Emerging from the pandemic, Nunavut’s economic outlook is bright. Its economy grew an estimated 7.4 per cent in 2021 and is set to expand by 6.4 per cent in 2022. A new mining project will begin commercial production in the next few years, which, combined with rising production at another of Nunavut’s mines, will help support future economic growth. Planned infrastructure construction, including a new port, will improve access to remote regions, supporting natural resource development and creating economic opportunities for local communities. Nunavut’s unemployment rate is higher than the Canadian average, and that will remain a principal challenge in the years ahead. Reducing the skills mismatch that impedes access to employment for many residents is key. Nunavut’s relatively young population and a high fertility rate will support future labour force growth. Table of Contents Key Findings Overview A New Project Set to Go Construction Demographics Labour Markets Public Accounts Methodology

The 20-Year Territorial Outlook provides the economic and fiscal outlook for Nunavut, including output by industry, labour markets, and demographics.

Document Highlights

Emerging from the pandemic, Nunavut’s economic outlook is bright. Its economy grew an estimated 7.4 per cent in 2021 and is set to expand by 6.4 per cent in 2022.
A new mining project will begin commercial production in the next few years, which, combined with rising production at another of Nunavut’s mines, will help support future economic growth.
Planned infrastructure construction, including a new port, will improve access to remote regions, supporting natural resource development and creating economic opportunities for local communities.
Nunavut’s unemployment rate is higher than the Canadian average, and that will remain a principal challenge in the years ahead. Reducing the skills mismatch that impedes access to employment for many residents is key.
Nunavut’s relatively young population and a high fertility rate will support future labour force growth.

Key Findings
Overview
A New Project Set to Go
Construction
Demographics
Labour Markets
Public Accounts
Methodology

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.