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Economy of Yellowknife


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Road is opened for semi-trailer truck traffic to take supplies from Yellowknife north to various mines located in the Northwest Territories and Nunavut. This ice road is usually open from the end of January through late March or early April, and Yellowknife becomes the dispatch point for the large number of truck drivers that come north to drive on the ice roads. During the 2007 ice road season, several drivers were featured on the History Channel TV series Ice Road Truckers.

Tourism is the largest renewable industry in the NWT and Yellowknife is the main entry point for visitors. Many of these tourists are Japanese, and come to experience the Northern climate and traditional lifestyle, as well as to see the Northern Lights. In 2004-05, visitors to the territory spent C$100.5 million.

The City of Yellowknife raises 50% of its operating revenue through property taxation. Yellowknife School Districts also raise a portion of their operating revenue through property taxation. Property taxes in Yellowknife are calculated through property assessment and the municipal and education mill rates. Mill rates in 2005 were 13.84 (residential) and 19.87 (commercial).

Canadian North, a regional airline, is headquartered in Yellowknife
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