2005 Nunavut economic outlook

This 2005 Update of the Nunavut Economic Outlook is an investigation into the status of Nunavut’s four forms of wealth-generating capital as described below and the impact of any recent changes on the Territory’s growth. [...] The population of most communities far exceeds the municipal infrastructure’s ability to cope, and the implications of that could be serious for the environment. [...] Our principal task in the next ten years is to ensure that the four forms of capital necessary for wealth creation are present in Nunavut; that is, to foster the formation of natural, human, economic and social capital in the Territory. [...] The capital and operating cost of providing water and sewage services to homes in the Arctic is 125 times more than that in southern Canada and represents the largest utility cost in Nunavut at 46 per cent;13 this in spite of the ample supply of fresh water throughout the Territory. [...] Nunavut’s store of minerals is the most notable “stranded” resource, but also on the list are fish, wildlife and Nunavut’s natural beauty.14 The original Outlook and the subsequent update discussed these shortfalls and the challenges in financing the investments.