Topic NWT
Three insurers refuse deal to sell Canadian diamond mine for $166 million
October 13, 2020 by The Canadian PressCALGARY – A deal to sell the suspended Ekati Diamond Mine in the Northwest Territories for about $166 million has fallen through after bond issuers refused to go along with it. Owner Dominion Diamond Mines ULC says the offer by…
Briefing Note: Territories
July 13, 2020 by Canadian Underwriter StaffNunavut and the Northwest Territories are feeling the effects of insurers pulling out of both areas. “We had Aviva Elite, who wrote probably all of the mobile homes in the Northwest Territories, discontinue writing [that line],” says Mark Harris, the…
Where wildfire and flood risk is higher this summer
May 27, 2019 by David Friend - THE CANADIAN PRESSThe weather this summer could be starkly different across the country, according to the latest long range forecast from The Weather Network. Chief meteorologist Chris Scott predicts the wet weather that Ontario and Quebec have experienced in May will continue…
Pushed by climate change: Lake in Northwest Territories falls off cliff
December 9, 2015 by The Canadian PressYELLOWKNIFE – In a dramatic example of how climate change is altering the Arctic landscape, a small northern lake has fallen off a cliff after bursting through the melting earthen rampart that restrained it. A video released Wednesday by the…