Yukon Services - Comparewise

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Yukon Services

The Yukon is one of three territories in Canada. It is located in the top northwest part of Canada, bordered by Northwest Territories to the east, British Columbia to the south, and Alaska to the west.

The Yukon offers impressive attractions that draw visitors to the territory, including northern lights, spectacular mountainous views, forests, Arctic tundra, and historical buildings and sites in Whitehorse and Dawson City, including turn-of-the-20th century hotels, saloons, and the gold rush.

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Tourism as a Major Industry in the Yukon

Whitehorse is the territory’s capital city and the urban center of the Yukon. It’s where many visitors book hotels, bed and breakfast inns, or extended stay accommodations year-round.

There are incredible attractions that bring many tourists to Whitehorse and many scenic areas and national parks throughout Yukon, including Kluane National Park and Reserve, Emerald Lake, Alsek River, Mount Logan, and Ivvavik National Park. There are many hiking trails, alpine lakes, and fantastic wildlife.

Precious Metals and Mining in the Yukon

While tourism is a big industry in the territory, the top industry is mining for zinc, gold, copper, silver, lead, and other minerals. Many employment opportunities in the territory are directly or indirectly involved with mining and precious metals.

Since the historical gold rush, the territory has always been robust in natural resources. There are many exciting and unique landmarks and events in Dawson City, which significantly contribute to the local tourism industry.

Emerging Industries in the Yukon

While tourism and precious metals make up the vast majority of the Yukon’s economy, many emerging markets and industries offer great potential for new and long-term residents of the territory.

These industries include business services, indigenous arts, handcrafted goods, telecommunications, transportation, utilities, administration, finance, forestry, fishing, agriculture, and manufacturing.

Transportation in the Yukon

The Yukon is a vast territory, making transportation a challenge, especially for remote communities and towns. While roads are available for transport, including commercial deliveries and travel, many isolated or remote communities are only accessible by boat or air.

There is a transportation industry in the territory, though it can be expensive for many residents of Yukon and is often regularly used for commercial deliveries and services.

Small Businesses and Arts in the Yukon

Many remote communities offer services for tourists and visitors, including indigenous art, guided tours, excursions, and short-term accommodations. While tourism is one of the biggest industries in the Yukon, it’s also a way to increase the success of smaller, local businesses and artists.

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April 5, 2022
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FAQs about
Yukon Services

Is the Yukon strong economically?

Yes. The Yukon has a solid economy in natural resources, tourism, and many smaller sectors continue to grow and contribute to the territory’s economic success.

Where are the main attractions for tourists and visitors to the Yukon?

Many natural wonders and national parks bring many visitors to Yukon. Notable places with regular tours and attractions include Dawson City and Whitehorse.

Which industry in the Yukon is expected to grow the most?

The mining industry is the fastest growing industry and will likely continue to expand in the near future.

Is it affordable to start a business in the Yukon?

The Yukon tends to have a higher cost of living due to its northern location, which means it costs more to ship goods and items from southern areas in Canada. There are great opportunities for small companies and entrepreneurs to thrive in the Yukon with the proper planning and expectations.

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