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Canada's north to see drop in exploration spend in 2020

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.

Canada's north to see drop in exploration spend in 2020 Canada's north to see drop in exploration spend in 2020 Canada's north to see drop in exploration spend in 2020 Canada's north to see drop in exploration spend in 2020 Canada's north to see drop in exploration spend in 2020

Investment is cooling in Canada's northern territories

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.