Yukon is the westernmost and smallest of Canada's 3 federal territories. The name originates from the Yukon River and means "Great River" in Gwich'in.
The territory was formed during the year 1898, from the Hudson's Bay Company's North-Western Territory and was originally known as "the Yukon." In the year 2003, the federal government's most recent update of the Yukon Act confirmed the name to be "Yukon," compared to "Yukon Territory," as the current usage standard. The Yukon Government recognizes First Nations languages even if the territory is officially bilingual with English and French.
Mount Logan, situated within Kluane National Park and Reserve is the highest mountain in the country and the 2nd highest within North America after Mount McKinley within Alaska. Mount Logan is 19,551 feet or 5,959 meters in height. There is little precipitation in the territory and the weather condition is Arctic and subarctic, resulting in short summer months and long and frigid winter season.
The major historical trade in the Yukon has been mining. The main things mined include zinc, asbestos, silver, gold, copper and lead. During 1870, the government acquired the land from the Hudson's Bay Company. In eighteen ninety eight, they divided it from the Northwest Territories to fill the requirement for local government caused by the increase in the population because of the gold rush.
During the gold rush, thousands of prospectors flooded the territory. This colourful period was recorded by authors including Robert W. Service and Jack London. The early days of the Royal Canadian Mounted Police were likewise essential throughout this time. The various outdoor recreation opportunities combined with the scenic natural wonders make tourism the 2nd most popular industry.
The local economy is boosted by hydroelectricity, whereas the manufacturing industry produces products such as clothing, furniture and handicrafts. Traditional industries like trapping and fishing have declined during the years. At present, the government sector is the largest business within the territory. They directly employ about 5,000 people out of a work force of around twelve thousand five hundred.
"Larger than life" is the motto of the tourism business for the territory. The appeal of the pristine nature of the area is important to Yukon tourism. There are various guides and outfitters to assist the many anglers, hunters and nature lovers that come to the region. The abundance of lakes and rivers make it a perfect location for individuals who utilize canoes and kayaks. There are many trails to walk on and ride. Access to the backcountry by air or snowmobile is great for individuals who take pleasure in winter activities. There are opportunities to ski and snowboard and climb the highest peaks within the country. Families could hike together up smaller mountains. There are ice climbing and dog sledding companies around too.
Yukon is also home to various cultural activities and sporting events that attract participants, tourists, and artists from all areas of the globe. Several well known events comprise the Frostbite Music Festival, Yukon International Storytelling Festival, Yukon Quest, Dawson Music Festival, Northern Lights Centre, Sourdough Rendezvous, the Whitehorse Fish Ladder, Takhini Hot Springs as well as various Klondike Gold Rush activities and memorials.