Canada’s government should fund initiatives like a proposed C$1.6 -billion project that would provide power and fiber optics to the country’s remote north and spur new business, said a gold mining executive on Thursday.
Canada’s Infrastructure Bank on Wednesday signed a memorandum of understanding to assess the project, which needs federal investment to get built and would run to Nunavut from Manitoba.
"This has to be looked at as nation building," said Agnico Eagle CEO Sean Boyd in an interview. Agnico, Canada’s largest gold producer, runs three gold mines in the Kivalliq region and is Nunavut’s largest private employer.