What are the main industries in Northwest Territories?

What are the main industries in Northwest Territories?

Mining is by far the largest private industrial sector of the Northwest Territories economy. Oil and gas exploration and development are also important. The Aboriginal peoples’ traditional subsistence activities – fishing, hunting and trapping – also have an impact on the Northwest Territories economy.

What is the main industry in northern Canada?

Canada’s Northern economies are highly dependent on natural resource industries—especially oil and gas, mining, forestry, and fishing.

What is the northwest territory known for?

Mining is an integral part of the NWT economy. Over the years, the focus of mining in the region has moved from base and precious metals (such as uranium, gold, lead and zinc) to primarily diamonds. For example, diamonds at Lac de Gras, 300 km north of Yellowknife, attracted much attention in the 1990s.

What does NWT export?

Tariff elimination: The CPTPP will provide new opportunities for Northwest Territories exporters by eliminating tariffs on almost all of the territory’s key exports, including: fish and seafood products (shrimp, clams and cockles, halibut and mussels) metals and minerals products (diamonds) other goods (furskins).

How does Yukon make money?

Yukon’s leading industry by far is mining; lead, zinc, silver, gold, and copper are the principal minerals. Tourism is the second most important industry; the area’s colorful history and beautiful scenery draw visitors.

What is the main industry in Nunavut?

The main industries in Nunavut include arts & crafts, mining, fishing and hunting and trapping. Nunavut is known worldwide for prints and carvings. Mineral exploration and mining are growing industries, but the high cost of travelling to the territory, as well as bringing materials to Nunavut, are a challenge.

What are the top 3 industries in Canada?

The three largest industries in Canada are real estate, mining, and manufacturing.

  • The Canadian Economy by the Numbers.
  • Canada’s Top Industries: Real Estate, Manufacturing, and Mining.
  • Canada’s Top Trading Partners.
  • The Bottom Line.

What are 5 facts about Northwest Territories?

10 Interesting Facts You Might Not Know About The Northwest…

  • It is nearly twice the size of Texas.
  • It’s the northern lights mecca of the world.
  • The Northwest Territories is home of the Midnight Sun.
  • It can get real hot in the summer!

What is the economy of the Northwest Territories?

Diamonds remain the major pillar of the Territory’s economy. The NWT has three operating diamond mines, and another in development. The NWT produces 17% of the world’s gem diamonds by value. The NWT is a major diamond producer, accounting for 85% of Canada’s diamond production by value, and 16% of world production.

What is the yukons biggest industry?

What exports Northwest Territories?

Which province in Canada has more industries?

Ontario is the leading manufacturing province in Canada and employs roughly half of the country’s manufacturing workers while generating about half of the country’s total value of production.

What are the 5 largest industries in Canada?

Canada’s Top Industries: Real Estate, Manufacturing, and Mining

  • Real Estate, Rental, and Leasing.
  • Manufacturing.
  • Mining, Quarrying, and Oil and Gas Extraction.
  • #1 Trading Partner: The U.S.
  • # 2 Trading Partner: China.
  • #3 Trading Partner: The U.K.

What are the top 10 industries in Canada?

The 10 Biggest Industries by Revenue in Canada

  • Commercial Banking in Canada.
  • Gasoline & Petroleum Bulk Stations in Canada.
  • Gasoline & Petroleum Wholesaling in Canada.
  • Oil Drilling & Gas Extraction in Canada.
  • New Car Dealers in Canada.
  • Supermarkets & Grocery Stores in Canada.
  • Life Insurance & Annuities in Canada.

What is the population of the Northwest Territories?

The Northwest Territories (abbreviated as: NT or NWT; French: Territoires du Nord-Ouest) is a federal territory of Canada. At a land area of approximately 1,144,000 km 2 (442,000 sq mi) and a 2016 census population of 41,790, it is the second-largest and the most populous of the three territories in Northern Canada.

What are the major natural resources of the Northwest Territories?

The Northwest Territories has the highest per capita GDP of all provinces and territories in Canada, totalling C$ 76,000 in 2009. The NWT’s geological resources include gold, diamonds, natural gas and petroleum. BP is the only oil company currently producing oil in the Territory.

How did the North-West Territories get their name?

The present-day territory came under the authority of the Government of Canada in July 1870, after the Hudson’s Bay Company transferred Rupert’s Land and the North-Western Territory to the British Crown, which subsequently transferred them to Canada, giving it the name the North-West Territories.

What are the major airports in the Northwest Territories?

Yellowknife Airport is the largest airport in the territory in terms of aircraft movements and passengers. It is the gateway airport to other destinations within the Northwest Territories.