Assets, liabilities deal in December

IQALUIT — The final tally on the division of assets and liabilities between the Nunavut government and the GNWT may not be finished until December, but preliminary estimates are coming down on the assets side.

Nunavut’s Finance Minister Kelvin Ng said the total assets — subtracting liabilities — are worth between $36 million and $40 million. Nunavut will probably get between $15 million and $18 million worth of those assets, Ng said.

Ng said the final tally would probably not be ready by the target date of October, but he hoped the process would be wrapped up by late November or early December.