Canada's north to see drop in exploration spend

摘要

Exploration investors are struggling to warm to Canada's vast resource potential north of the 60th parallel, with federal forecasts predicting a drop in spend across all three northern territories, including falling to a 16-year low in Nunavut. The latest federal projections show a 6.1 % year-on-year drop to C$ 115 million for the most easterly territory, which still accounts for the bulk of territorial exploration investment flow.