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The city is located on the shore of Great Slave Lake. Its name derives from the copper knives used by the local Chipewyans. The current population is ethnically mixed, and the territory government lists five languages as spoken in significant numbers: Chipewyan, Dogrib, South and North Slavey , English, and French.
In Dogrib, the town is called Somba K'e (where the money is).
According to the 2001 Statistics Canada census:
| Population: | 16,541 (-4.2% from 1996) |
| Land area: | 105.20 kmē |
| Population density: | 157.2 people/kmē |
| Median age: | 31.3 (males: 31.4, females: 31.1) |
| Total private dwellings: | 6,514 |
| Median household income: | $81,544 |