The Canadian economy is showing improvement. According to Statistics Canada, the real domestic product increased by 0.4 percent in November across 17 out of 20 industrial sectors.
The report indicated that industries in mining, quarrying and oil and extraction also rose by 0.5 percent.
Despite the boast in the economy, Member of Parliament for Northwest Territories, Michael McLeod, says that the report may not apply the same in the North.
He says the northern jurisdictions don’t have the same type of monitoring as many of the provinces.
We know that the economy is doing well across the country. The unfortunate side of that is there is no way to see measure how it’s doing in the North. We know the Southern part has seen improvements, but the Northern part seems to still be struggling in making improvements in the economy.
McLeod says that government is currently looking at ways to improve the economy in the North.
We are looking at all aspects. At the social side, the business side. We have given tax breaks to industry and investing in the middle class.