Located in northern Canada, the territory borders Canada’s two other territories, Yukon to the west and Nunavut to the east, and three provinces: British Columbia to the southwest, Alberta and Saskatchewan to the south.
Nunavut is the largest and newest federal territory of Canada; it was separated officially from the Northwest Territories on April 1, 1999, via the Nunavut Act and the Nunavut Land Claims Agreement Act, though the actual boundaries had been established in 1993.
Yukon is the westernmost and smallest of Canada’s three federal territories. It was named after the Yukon River. The word Yukon means “Great River” in Gwich’in.
Mines in Labrador, the iron ore mine at Wabush/Labrador City, and the new nickel mine in Voisey’s Bay produced a total of $2.5 billion worth of ore in 2006.
Alberta’s economy is one of the strongest in Canada, supported by the burgeoning petroleum industry and to a lesser extent, agriculture and technology.
Saskatchewan’s economy is associated with agriculture; however, increasing diversification has meant that now agriculture, forestry, fishing, and hunting together make up only 6.8% of the province’s GDP.
The provincial economy is dominated by the seasonal industries of agriculture, tourism, and the fishery. The province is limited in terms of heavy industry and manufacturing.
The capital of British Columbia is Victoria, the fifteenth largest metropolitan region in Canada. The largest city is Vancouver, the third-largest metropolitan area in Canada and the second-largest in the Pacific Northwest.
Manitoba has a moderately strong economy based largely on natural resources. Its Gross Domestic Product was C$50.834 billion in 2008. The province’s economy grew 2.4% in 2008, the third consecutive year of growth.
New Brunswick’s urban areas have modern, service-based economies dominated by the health care, educational, retail, finance, and insurance sectors.