Mining sector woes continue to limit economic growth in the territories in 2016

February 24, 2016

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Declining metal and mineral prices, rising global inventories of most mining commodities and easing growth in the Chinese economy will weigh on Canada’s Aboriginal territories’ economies this year, the Conference Board of Canada said on Wednesday.
Nunavut and the Yukon were expected to see positive yet modest growth in 2016, but the economy of the Northwest Territories (NWT) would remain virtually flat this year, according to board’s latest ‘Territorial Outlook’.

Category: General