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North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Mines drive growth across Canada's North

Nunavut, Yukon lead economic expansion; challenges for NWT North of 60 Mining News – July 12, 2019

Last updated 9/25/2020 at 5:23pm

The Conference Board of Canada Territorial Outlook Economic Forecast

Agnico Eagle Mines Ltd.

Crewmembers hold a bar from the first gold pour at Agnico Eagle's Meliadine Mine in Nunavut. Meliadine and Amaruq, another new Agnico Eagle mine, are playing a major role in bolstering strong economic growth in Nunavut.

Thanks to the start-up of new mines, The Conference Board of Canada forecasts the economies of Canada's territories to grow significantly over the next two years.

In Territorial Outlook Economic Forecast: Summer 2019, The Conference Board of Canada foresees the combined economies of Nunavut, Northwest Territories and Yukon expanding by 5.3 percent in 2019 and 4.4 percent in 2020.

"Territorial...

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