Document Highlights
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.
Several major mining investment projects in Canada’s North are going through the regulatory process and are scheduled to start producing in the next few years.
Between now and 2025, Nunavut’s economy will grow by an average of 4.6 per cent per year, higher than any other territory or province.
Yukon’s economy will also experience a boom, with two new mines set to open within the next five years.
Left behind is the Northwest Territories, where the economy is forecast to contract at an average annual pace of 1.6 per cent between now and 2025.
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