Fast Facts: Nunavut is the largest and most recently established territory in Canada, incorporating a vast portion of the northern region of the country. The town of Alert is the northernmost permanently inhabited location in the world.
Nunavut Careers: The Nunavut territory is one of the least developed and most sparsely populated regions of Canada. A 2006 Canada Census of Population estimated the population of Nunavut at 29,325. Nunavut is one of two Canadian locales that have no regional sales tax, the other being Alberta.
Nunavut Economy: Created as a concession to the indigenous Inuit population, the Nunavut territory includes little land that is either developed or arable. The economy of the territory is thus forced to rely almost entirely upon mineral resources, specifically including diamonds, oil and natural gas.
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Location, Location, Location: Nunavut encompasses a great portion of the northern region of Canada; it is the largest and most recently established federal territory in Canada
Cities: The capital and most populous city of Nunavut is Iqaluit.
Behind the Name: In the region’s native language, “Nunavut” translates to “our land.”
A Closer Look: Nunavut was officially separated from the Northwest Territories on April 1, 1999 as a concession by the government to the indigenous Inuit population of the region.
Did You Know?: Nunavut is home to the northernmost permanently inhabited location in the world, the town of Alert.
Population: 29,325, as estimated by Canada Census of Population, 2006.
Business Environment: Canada was ranked 2nd of 181 countries in a 2009 “Best Country to Start a Business” by DoingBusiness.org.
Taxes: The Canada Revenue Agency reports: a Progressive Income Tax Rate; and no Regional Sales Tax.
Cost of Living: The Consumer Price Index had increased to 113.8 in June of 2009 (from 100.0 in the Year 2002), according to Statistics Canada, 2009.
Weather: Average Temperature (in °F.) – Jan: 20; Apr: 43; July: 69; Oct: 48, according to Weather.com.
K-12: Canada ranked 2nd of 17 peer countries in a 2008 Conference Board of Canada Ranking.
In General: Since most of the richest and most developed areas of the Northwest Territories were not included in the formation of the Nunavut Territory, the region relies in considerable part on its mineral resources.
Service Industry: With very minimal industrial development, Nunavut’s services industry is comparatively minor to the territory’s economy.
Agriculture: The fur industry is the leading sector of the territory’s agricultural production.
Manufacturing: Nunavut’s construction industry leads its manufacturing sector, in conjunction with mineral-related manufacturing enterprises involving oil, natural gas and diamonds.
Mining: Mining is by far the chief financial industry for Nunavut’s economy. Key mineral resources including diamonds are highly beneficial, in addition to the oil and natural gas reserves that are sparsely utilized to date.
Did You Know? Even though the Nunavut is one of the least developed and most sparsely populated regions of Canada, the territory still boasts a small but valuable tourism industry lured by its wildlife and wilderness.
Sources: In addition to specific citations noted in this “Career Information” section, supplementary source materials include: Canada Statoids; Infoplease.com; and Wikipedia.com.