Territorial Outlook Economic Forecast: Autumn 2018

The Conference Board of Canada, 82 pages, November 15, 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

  • Several major mining investment projects in Canada’s North are going through the regulatory process and are scheduled to start producing in the next few years.
  • Between now and 2025, Nunavut’s economy will grow by an average of 4.6 per cent per year, higher than any other territory or province.
  • Yukon’s economy will also experience a boom, with two new mines set to open within the next five years.
  • Left behind is the Northwest Territories, where the economy is forecast to contract at an average annual pace of 1.6 per cent between now and 2025.

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