Mining Drives Growth as Territories Look Beyond the Pandemic: 20-Year Territorial Outlook Summary—June 2021

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.

Document Highlights

Canada’s economy is on the road to recovery. Some of the highest vaccination rates in the country are among territorial communities. And while the pandemic’s effects will linger, there are reasons for optimism as the territories emerge into a post-COVID-19 world.

The next few years will see countries across the globe embark on recovery programs to breathe life back into their economies. This will likely drive demand for many of the commodities produced in Nunavut, the Northwest Territories, and Yukon.