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JV Article: Invest Canada North seeks to connect global investors with mining opportunities in Yukon, Northwest Territories and Nunavut - Canadian Mining Journal

JV Article: Invest Canada North seeks to connect global investors with mining opportunities in Yukon, Northwest Territories and Nunavut - Canadian Mining Journal
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The State Of The Northern Economies

If you ignored the face masks for a moment, you could stroll through any of the larger communities in the North and almost imagine that the COVID-19 pandemic hadn’t really happened. People would give you a wider berth as you passed on the sidewalk, and you might notice a stronger sense of “buy local” among the shoppers in the stores you visit. But people would be out and about. The streets would be busy, much as they were before the pandemic. Almost. Indeed, a superficial scan of the data suggests that the territories are coming through one of their most challenging years in decades beaten, but not broken. Nunavut and the Yukon both recorded positive, albeit weak, GDP growth in 2020 1.8 per cent and 2.9 per cent respectively, according to Conference Board of Canada projections but they were the only two jurisdictions in Canada to do so. The NWT suffered more, seeing economic growth contract 7.6 per cent according to the conference board. But the loss is tempered by expectation

Diamond market now recovering from Covid-19, experts say

26 march 2021 Gold price’s that slumped to near a nine-month low is drawing jewellery shoppers in Asia to hunt for bargains, says media reports. After a year of demand being in the doldrums, retailers are buying more precious metal to cater to buyers. 26 march 2021 22 december 2020 (cabinradio.ca) - The world’s natural diamond market all but shut down at the start of the Covid-19 pandemic. More than eight months later, experts say the market is beginning to recover. In March, the world’s supply chain for natural diamonds came to a screeching halt. The manufacturing hub in India – where almost all of the world’s natural diamonds are cut and polished – closed, along with international diamond showings and many jewellery stores. “The whole diamond pipeline, as it’s called, was just plugged,” said Tom Hoefer, executive director of the NWT and Nunavut Chamber of Mines. “There was certainly a multi-month period where business was essentially halted,” added Pa

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