About The North
Canada's three territories – Nunavut, the Northwest Territories and Yukon - account for nearly 40 percent of the country's land mass and have a coastline that is twice as long as the Atlantic and Pacific coasts combined. Northerners number about 113,000, with many living in the territorial capitals of Iqaluit, Yellowknife and Whitehorse. Aboriginal peoples make up 85 percent of the population of Nunavut, 50 percent in the Northwest Territories and 25 percent in Yukon. The North is a place with many settled land claims, world class geology, fast growing communities and a young population. The rich cultures and traditions of the North are celebrated by all Canadians.
From the development of world-class diamond mines and large oil and gas reserves, to a thriving tourism industry and rich cultures that attracts visitors from around the globe, the North has the potential to become an engine for economic growth for the entire country and a world class destination for investment. The potential for wealth and job creation through resource development in the North is tremendous. Managed in a sustainable manner, Canada's incredible natural resources , including living marine resources such as fisheries, will contribute to the prosperity of Northerners and all Canadians for generations. These resources can and will be a cornerstone of sustained economic activity in the North and a key to building prosperous Aboriginal and northern communities.
The Government of Canada developed Canada's Northern Strategy to provide an overarching vision for the North. The Strategy is focused on four interrelated priority areas: promoting economic and social development, exercising our Arctic sovereignty, protecting the North's environmental heritage; and improving and devolving northern governance.
For more on Canada's Northern Strategy please visit these links:
The Canadian Northern Economic Development Agency (CanNor) - was established to foster a strong, diversified and sustainable economy for the North that contributes to Canada's prosperity, and supports the social and economic development pillar of the Northern Strategy.
The Agency supports business and community development through its programs and services, champions the interests of the North, and undertakes policy and research. The Northern Projects Management Office (NPMO) plays a key role in advancing resource development by providing advice to industry and communities to improve the timeliness, predictability and transparency of regulatory processes around major projects.
For more information on Canada's northern economy, you may also be interested in:
- The Northern Economic Diversification Index – a tool that provides information on the diversity of the territorial economies.
- The Northern Economic Index (NEI) - this tool measures economic development over time in areas related to labour market, financial well-being of Northerners, fiscal health/self-sufficiency of territorial governments, investment in the territories, and the state of business activity.
- Conference Board of Canada- Territorial Outlook- Winter 2013
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