NWT GDP partially recovered in 2021, initial figures suggest
The Northwest Territories' gross domestic product staged a partial recovery in 2021 from a 10-percent plunge the year prior, initial figures suggest.
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Economy
NWT’s Air Tindi will star in Nasa hybrid aircraft project
Air Tindi has agreed to supply an aircraft for a Nasa program that aims to get a hybrid electric aircraft off the ground by 2025.
City of Yellowknife ends 2021 with $15.8-million surplus
Yellowknife had a "strong financial year," staff said, telling councillors the city is in a good position to weather ongoing impacts of the Covid-19 pandemic.
Power rates increasing by 2.5% for many NWT customers
Power rates for many NWT residents are increasing by 2.5 percent from May 1, but an independent board did not approve some increases sought by the power corp.
Yellowknife offers businesses new grant of up to $5K
A new City of Yellowknife grant offers businesses up to $5,000 to help cover the costs of adapting to "a post-Covid-19 economy."
What’s a fair living wage in smaller NWT communities?
A group that calculates a fair living wage in the Northwest Territories' largest hubs has now attempted a similar exercise for smaller communities.
Cantung and Mactung fail to sell as governments reject proposals
Government attempts to sell a former tungsten mine and nearby tungsten deposit at the NWT-Yukon border have failed. The GNWT and Ottawa rejected two proposals.
What Diavik’s impending closure could mean for Yellowknife
We're three years away from the Diavik diamond mine's expected closure. The company set out how that's expected to affect Yellowknife's revenue and population.
YK chamber calls for fairer tax distribution for businesses
The Yellowknife Chamber of Commerce is asking the city to stop increasing the proportion of property tax business owners have to pay relative to homeowners.
Deal will take minerals from NWT to European electric vehicles
Rare earth minerals from the NWT will be used in electric vehicle motors manufactured in Germany, an unusual but increasingly likely deal that cuts out China.
How will the North afford the great thaw?
Permafrost thaw already threatens tens of millions of dollars of NWT infrastructure and it's only going to get worse. Are there any solutions we can afford?
Yellowknife prices in biggest year-on-year jump for 30 years
Prices in Yellowknife have increased 6.9 percent in the past year, the largest annual increase since 1991. Fuel costs for homes and vehicles drove much of that.