The economic future for the Northwest Territories is "grim," according to the Conference Board of Canada's newest forecast for all three territories. "When Ekati closes in 2034, it will be the end of 43 years of diamond mining in the Northwest Territories unless a new mining diamond project sees the light of day," the report stated. - Tom Hoefer , N.W.T. Tom Hoefer, from the NWT and Nunavut Chamber of Mines, says the report is very disappointing. Bernard also said the government sector has been stable for the territory and the report can't predict everything.

Source: CBC News May 01, 2018 21:33 UTC