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Wednesday 11 December 2013

The ripple effect

Yesterday's blog(on Blogdaleupsome) talked about project work that was done on Churchill,Manitoba.I have seen in the Globe and Mail the changes to the port recently.This construction and the renovations to the rail  had an impact on several stocks including Stantec, Canadian Pacific and Canadian National Railway.It was also stated that the amount of impact on each company                 is difficult to tell.It is also difficult to tell the impact on Nunavut Territory.It is important to have a healthy Nunavut Territory in the Eastern Arctic.This is our Canadian presence in the Eastern Arctic.
Before the project work was given out to improve the port at Churchill some notes were directed towards Nunavut.It was pointed out that investments in Churchill might be profitable later as Churchill must become larger and more prosperous in the future.I thought that a lodge might be susccessful and a bay in the harbour for smaller craft.Churchill could be an
important transshipment point for communities on the west side of Hudson's Bay and Southhampton Island.Nunavut could also possibly do resupply to Quebec communities on the east side of Hudson's Bay.It  is not certain how much investment Nunavut made in Churchill nor how great an opportunity they took.But it is certain they will benefit in some capacity.There should be some ripple effect from a stronger Churchill.

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