Whether you notice it or not in your daily life, all reports show a glittering economic forecast for Nunavut. Speaking at the Nunavut Mining Symposium, Bank of Canada governor Stephen Poloz noted that the territory is set for the strongest growth among all territories and provinces for 2019, at a rate of nine per cent.
“That’s pretty spectacular stuff,” Poloz said. “That’s not some fiction, that’s real.” Nunavut’s senior economist Francois Picotte piled on the good news, noting the territory will see very high growth for the next four years.
All of this is thanks to mining, which is becoming such an economic force in Nunavut that it will surpass even government in its weight in the territorial economy.
You read that right, and we expect this is blowing the minds of the local pundits who like to pile on the government for its role as Nunavut’s top employer.
One caveat is that, for the moment, many workers continue to be southern imports. Inuit employment is not where it should be, but at least – compared with the stalled government numbers – Inuit employment is on the rise.
For the rest of this editorial: https://nunavutnews.com/editorial/editorial-support-mines-that-support-nunavummiut/