In the long list of market unknowns, Donald J. Trump and the US Presidential race is the unknown. The result of the election could have massive implications on the markets, even if we are unsure about what they are. When looking to commodities, a weaker US dollar will drive prices higher, but this may be offset by concerns over a slowing economy.
Combined with the dramatic crash in fox fur prices, significant changes in Canada's welfare system post-WWII left Northern communities in a state of dependence. Family allowances became the major source of income, adding pressure on Inuit communities to conform and "modernize" according to Western standards. By the 1960s, most Inuit abandoned their semi-nomadic lifestyle, some by force, to live in permanent settlements. This new way of life was in complete rupture with their past.
The role of the Canadian government in both the short and long term should be to embrace and foster the growth of all parts of our diverse economy. The government should certainly not champion some sectors and demoralize others. Sadly, we have already started to see that approach by the Trudeau government.