Canada investment supports economic diversification in Yukon

From: Canadian Northern Economic Development Agency

Federal government investments to strengthen northern economy

April 18, 2019 – Whitehorse, Yukon – Canadian Northern Economic Development Agency (CanNor)

Economic diversification and growth are key to ensuring a strong and resilient economy in the North. This is why the Government of Canada is investing over $4.3M in sixteen economic development projects in Yukon.

This announcement was made today by Larry Bagnell, Member of Parliament for Yukon, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CanNor.

Funding will go towards a range of projects across a variety of economic sectors, including tourism, Indigenous economic development, capacity development, infrastructure, renewable energy and geoscience, as well as targeted support for the development of women entrepreneurs and attracting Canadian francophones to live and work in the North.

These projects are expected to result in the creation of up to 125 jobs in Yukon. Through these investments, the federal government is supporting long-term sustainable economic development in the North.

“Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy. Today’s investment in the Yukon economy is building on our competitive advantages by investing in diverse projects that will boost economic growth and create good, middle class jobs for Canadians.”

Honourable Navdeep Bains

Minister of Innovation, Science and Economic Development and the Minister responsible for CanNor

“The diversity of these investments is representative of the Government of Canada’s commitment to support long-term sustainability in the North. These projects will directly benefit Yukoners by supporting many economic sectors in the territory and contributing to Canada’s economic growth.”

Larry Bagnell

Member of Parliament, Yukon

“A strong, growing economy that provides good jobs for Yukoners in an environmentally responsible way is a priority of the Yukon government. We are pleased to partner with the Government of Canada to make these strategic investments in small businesses, renewable energy, mining and tourism that will advance and diversify our economy, and help improve the lives of all Yukoners.”

Ranj Pillai

Minister of Economic Development, Government of Yukon

/Public Release. View in full here.