https://www.cbc.ca/news/canada/north/
New mines will mean strong economies in Yukon and Nunavut until 2025, Conference Board of Canada says
Good times are in store for Yukon and Nunavut in the coming years, according to a new economic analysis by the Conference Board of Canada. N.W.T., not so much.
The board’s economic forecast for the territories, released Thursday, predicts strong growth in Yukon and Nunavut between now and 2025, saying the two territories will outpace much of the country in terms of growth. The N.W.T.’s economy, however, is expected to contract over that period, making that territory one of the weakest economic performers in the country, the board says.
The territorial forecast is based on a number of factors, including government spending, consumer behaviour, and population trends, but the main determinant for northern economies is still mining activity.