Thank you, Mr. Speaker. I would like to take this opportunity to welcome back my fellow MLAs to our
capital city and hope that you are refreshed and ready for a long budget session. Mr. Speaker, when we examined the government's budget in this House., the talk always seems to turn to the economy of the Northwest Territories. Yellowknife's economy has been hit especially hard in the last few months with layoffs at both mines plus two years of deficit reduction by this government. My heart goes out to the families affected, and I pledge to do as much as I can to help. I am also encouraged by this government's willingness to work with the employees who have been laid off and also with Miramar and Royal Oak to find ways in which we can help ride out the current low gold prices.
Mr. Speaker, thirty years ago similar sized layoffs at the mines would have devastated this city. There were no other opportunities for the laid-off workers. They would have had to leave town in order to have any chance of supporting their families. Now, Mr. Speaker, there are other opportunities to make a living in this city. The economy has diversified. Yellowknife is no longer a one industry town. There is no doubt that the economy of Yellowknife is going through a rough time. There will be further adjustments to the GNWT workforce as a result of the creation of Nunavut, and the low price of gold will continue to impact negatively on our economic security.
--Applause