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. Continue Reading →