Territorial Outlook

Surging Demand for Minerals Key to Long-Term Growth

After a two-year roller coaster, the territorial economies are trending upward, driven by a bright outlook for many minerals extracted in Canada’s North.

March 24, 2022  •  8-min read

Key Findings

Rising Mineral ProductionNew Mining ProjectEconomy Is Forecast To Grow by 5.7 per Cent.
The outlook for Yukon is strong thanks to rising mineral production in the coming years. Following estimated economic growth of 7.5 per cent in 2021, the economy of Yukon will expand by 7.6 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.Amid lingering pandemic-driven disruptions, the economy of the Northwest Territories mounted a partial recovery in 2021. In 2022, the economy is forecast to grow by 5.7 per cent.

Territorial Outlooks to 2045

Yukon

Resource Development Fuels Growth

March 24, 2022  •  20-min read

Forthcoming

Northwest Territories

New Metals, New Opportunities

March 24, 2022  •  20-min read

Forthcoming

Nunavut

Rising Gold Production Spurs Growth

March 24, 2022  •  14-min read

Forthcoming

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