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.
Territorial Outlook: Autumn 2013
Territorial Outlook: Autumn 2013
Business and Household Indicators
Provincial Economic Analysis
$1,125.00
- Weaker commodity prices and tight capital markets are weighing on real GDP growth in the territories this year.
- Difficult conditions in the mining industry have led to production and staffing cutbacks in Yukon. As well, mineral exploration spending is expected to be weaker in all territories this year, with Nunavut experiencing the largest pullback.
- The outlook beyond 2013 is promising, as new mining developments are expected to boost economic growth going forward. More stable global economic conditions will also help support a recovery in base metal prices.
- New mine developments will provide a solid foundation for job creation and income growth over the next several years.
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