Record prices for Northwest Territories (NWT) furs marketed under the Government of the Northwest Territories’ Genuine Mackenzie Valley Fur (GMVF) label means strong returns to NWT trappers.
In a reflection of the fur world’s increasing demand for luxury goods, last month’s fur auction in Seattle was the most successful sale in the history of the Fur Harvesting Association and will result in a total projected return to NWT trappers of almost $1.5 million.
The economic "promise" of the NWT has secured its capital city as the location for the eighth full-service branch of the aboriginal-owned First Nations Bank of Canada.
First Nations bank chairman and CEO Keith Martell made the announcement on April 11 in Yellowknife, where the chartered national bank's annual shareholders meeting was held for the first time north of 60.
YELLOWKNIFE, NORTHWEST TERRITORIES--(Marketwired - April 17, 2013) - The Honourable Leona Aglukkaq, Minister of Health, Minister of the Canadian Northern Economic Development Agency (CanNor), and Minister for the Arctic Council today announced funding to help identify the regional opportunities and requirements so communities can participate in and benefit from offshore oil and gas exploration.
The Dominion Diamond Corporation became the first Canadian company to hold a majority share in a diamond mine after it acquired 80 per cent interest in N.W.T.’s Ekati mine Wednesday.
Yellowknife, NWT - Premier Bob McLeod has weighed on the pipeline debate currently raging across North America.
The premier says he believes projects like the Keystone X-L Pipeline are a worthwhile endeavor.
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YELLOWKNIFE, March 27, 2013 /CNW/ - With a growing economy and an impressive list of resource mega-projects on its horizon, the Northwest Territories is on the verge of an historic boom. Add the upcoming economic jolt of Devolution, previewed by Prime Minister Stephen Harper's recent trip to Yellowknife, and the future really does look like it belongs to Canada's North.
Key sectors of the economy are front and centre at NWT Chamber of Commerce's 40th Business Conference & AGM on April 3rd and 4th in Yellowknife. “There’s a lot that’s new in our economy and this is the only event that delivers the big picture,” says Hughie Graham, President of the NWT Chamber of Commerce.
The 17th Legislative Assembly promised fiscal prudence throughout its four year term. Today, Finance Minister, Michael Miltenberger, delivered another healthy dose of government austerity in the 2013/14 Budget Address. However, the Chamber is voicing concern over the lack of support for small and medium enterprise (SME’s) and an inability to move forward in a meaningful way.
Things are heating up in Northern Canada, at least when it comes to the economy.
Alberta and Saskatchewan are usually identified as the resource centers of Canada, while Canada’s north is largely considered a cold, barren region populated by polar bears. But, as it turns out, Canada’s Northwest Territories, Yukon and Nunavut are proving increasingly to be a hotbed of economic growth fueled by a burgeoning mining industry.
(Yellowknife, NT – March 14, 2013) The Northwest Territories had the greatest improvement in score and rank amongst Canadian jurisdictions in the annual Fraser Institute Survey of mining companies.