Yukon, northwest territories, and nunavut represent canada"s last frontier: frontier: lots of resources, little pop"n. It is a region rich in natural resources but slow to develop. Of the 6 regions in canada, it is the largest in area but the smallest in population: anywhere north of 60 degrees latitude is considered in the terr. One of the most sparsely populated areas on earth. Indigenous peoples make up the majority of the pop"n. The economic performance of the region is limited to non-renewable resources. This makes the region vulnerable to sharp fluctuations in both prices and global demand for its exports. Historically, the economy has been subject to boom-and-bust cycles. The indigenous residents currently have a high birth rate but a low death rate, accounting for high population growth by natural increase. When the economy in the region stalls: non-indigenous residents are more likely to move to the provinces for job opportunities.