Nunavut’s mining boom will help the territory see enviable economic growth for the foreseeable future, according to a new forecast by the Conference Board of Canada.
But the report’s authors don’t expect this growth to make a big dent in the territory’s unemployment rate, which currently stands at nearly 2.5 times the national average.
“Most of the new jobs created in Nunavut’s mining industry will, unfortunately, go to non-residents as companies are forced to bring in workers from other parts of Canada due to a lack of specific mining skills within the resident population and to the remoteness of the mine sites,” the report states.