CanNor investment of nearly $2.4 million supports 4 projects across the Northwest Territories, Nunavut and the Yukon

May 29, 2024 – Iqaluit, Nunavut – Canadian Northern Economic Development Agency

Key to Canada’s economy are businesses and organizations leading new innovation, driving economic growth, and finding better ways to serve their communities. Across the territories, Northern and Indigenous partners are building new economic paths through their creativity, collaboration and innovation.

Today, the Honourable Dan Vandal, Minister of Northern Affairs, PrairiesCan and CanNor, announced a federal investment of up to $2,384,422, delivered by CanNor, towards four unique projects that will help businesses and organizations across the territories diversify, innovate and grow.

Project activities include infrastructure development that supports food security and solar power generation in the Northwest Territories, technological advances that strengthen fisheries in Nunavut, and research and strategic planning into a new renewable insulation sector in the Yukon.

The Government of Canada is ensuring important northern initiatives have the funding needed to innovate and grow so that the communities in which they operate benefit from their success. CanNor is an important partner in the territories through its full suite of regular economic development programs and positions the northern economy for stronger diversification and growth.