The working capacity of Canada’s top industries, many of which rank among the best in the world, is responsible for the country’s flourishing economy.
As a result, these are the major industrial sectors that make a significant contribution to the expansion and sustainability of the Canadian economy. This article will discuss these industries.
Additionally, Canada’s economy is rated as the fourth best in the world; this status it now possesses as a result of the steady expansion of its most important industrial, manufacturing, agricultural, and service sectors.
What are Canada’s most important industries?
The following are examples of these:
- Service industry
- Manufacturing sector
- Natural Resources
- Mining sector
- Agricultural sector
- Information and Technology sector
- Service industry
It is impossible to overstate the significance of the service industry to the expansion of Canada’s economy. 78% of Canada’s GDP and 75% of the country’s jobs are in the service sector.
The sectors of the service industry include; government, retail, tourism, finance, banking, construction, health care, transportation, and banking
There are two sectors of the economy in Canada:
- Physical, consumable goods are produced in the goods-producing sector.
- Everything else is included in the sector that produces services.
Services, in this regard, constitute a varied range of activities, such as high-tech and knowledge-intensive occupations, in addition to low-skill, labor-intensive occupations; this may mean everything from a software developer to a fast food server, for instance.
Nevertheless, the retail sector is the most popular and vital part of the Canadian economy, with some big franchise moguls like Walmart and Future Shop, which call Canada home.
Particularly in the business districts of Montreal, Toronto, and Vancouver, the financial services, real estate, and communications industries are experiencing geometric growth at the moment.
Despite the fact that many American film studios now prefer to have their filming sets here, Canada, also known as the “Hollywood North,” is unquestionably a major powerhouse of both international and domestic films.
Moreover, the extent of the Canadian economy coming about because of administrations has been expanding, from 65% in 2004 to 69% in 2013.
As a result, the service industries’ gross domestic product in 2013 was $714 billion, which is almost double what it was in 2001.
Sector of Manufacturing
The manufacturing sector in Canada contributes approximately $174 billion to the country’s GDP, or more than 10% of the total GDP.
Because many of Canada’s leading manufacturing sectors are present and flourishing, 1.7 million jobs are preserved.
Manufacturing, on the other hand, has grown and become more industrialized over time; However, only researchers, programmers, engineers, and tradespeople have been able to bring cutting-edge technologies and innovations to the industry.
Top Industries in Canada, British Columbia
| Industry | Percentage of the employed workforce |
| Sawmill and wood production | 9.7 |
| Meat processing | 4.6 |
| Wood paneling manufacturing | 3.0 |
The Province of British Columbia is amongst the top largest wood production hub in Canada
Top Industries in Canada, Manitoba
| Industry | Percentage of the employed workforce |
| Meat Processing | 13.4 |
| Tractors and agricultural equipment manufacturing | 6.9 |
| Printing | 5.2 |
The province of Manitoba accounts for one of the largest producers of wheat farms in Canada, accounting for 9.8% of the country’s total production.
New Brunswick Main Manufacturing Industries
| Industry | Percentage of the employed workforce |
| Seafood processing | 26.7 |
| Miscellaneous Manufacturing | 3.2 |
| Meat processing | 2.7 |
11.4% of Canada’s seafood needs are produced in New Brunswick. This province is recognized for its queen crab, shrimp, and herring catches.
Newfoundland and Labrador Main Manufacturing Industries
| Industry | Percentage of the employed workforce |
| Seafood processing | 56.8 |
| Bread production | 1.2 |
| Wood paneling production | 0.9 |
Some of the largest fishing companies in the world are located in Newfoundland and Labrador, such as the Barry Group Inc. and Breakwater Fisheries Ltd, which call this province home.
Top Industries in Canada, Nova Scotia
| Industry | Percentage of the employed workforce |
| Seafood processing | 21.4 |
| Aerospace manufacturing | 7.0 |
| Ship and boat building | 4.3 |
Nova Scotia accounts for 40% of all military assets and security operators in Canada.
Top Industries in Canada, Ontario
| Industry | Percentage of the employed workforce |
| Automobile manufacturing | 4.9 |
| Plastic production | 4.2 |
| Printing | 3.4 |
Ontario has one of the biggest automobile manufacturing industries, this province produces 59.3% of all cars in Canada. Ontario is home to names like Ford, Chrysler, General Motors, and Toyota.
Quebec Main Manufacturing Industries
| Industry | Percentage of the employed workforce |
| Aerospace manufacturing | 6.5 |
| Meat processing | 3.6 |
| Plastic manufacturing | 3.1 |
23.7% of all aircraft engines and parts are manufactured in Quebec. The international aerospace companies; Bombardier, Pratt & Whitney, and even Bell Helicopter Textron call Quebec home.
Top Industries in Canada, Saskatchewan
| Industry | Percentage of the employed workforce |
| Tractors and agricultural machinery | 18.7 |
| Meat processing | 7.8 |
| Truck, trailer, and home manufacturing | 5.0 |
Saskatchewan is the farming capital of Canada; the province owns a huge 41% of arable land that produces rye, oats, wheat, and barley.
Manufacturing Work Shortages in Canada
As a result of the increasing aging population of Canada, there has been an increase in manufacturing labor shortages in Canada.
In response, Canada has continued introducing skill development and additional training to its employees in these sectors to help curb future labor shortages.
Recent labor market conditions in Canada
Unemployment cases have been falling steadily, and job vacancies are increasing in most regions, resulting in labor shortages.
- 30.3 million – Size of the total working age (15 and above) population in Canada
- 19.8 million – Size of the labor force, reflecting a 65.4% participation rate
- 18.7 million – Number of employed, reflecting a 61.6% employment rate
- 1.16 million – Number of unemployed, a 5.8% unemployment rate
- 527, 000 – Number of vacant jobs, reflecting 3.2% of labor demand
- 0.6 percent – Average real hourly wage growth in 2018.
Natural Resources Sector
- Canada is the world’s second-largest country, it has a very low population; Despite this, it continues to be a significant source of natural resources. The forestry, mining, fishing, agriculture, and energy sectors all play major roles in the natural resources industry.
Grains, oilseeds, and specialty crops are just a few examples of the agricultural products. - Canada exports, ranking eighth globally. As a result, government spending on research and development in this field has continued to rise over the past few years.
- With the third-largest crude oil reserves and the 18th-largest natural gas reserves in the world, Canada’s oil and gas markets are also very profitable. As a result, Canada’s Alberta is home to 35% of the world’s oil and gas companies. Where to find the best oil and gas jobs in Canada
- Forests also provide a wide range of social, economic, and environmental advantages, making them a significant source of wealth for Canadians.
- Production in the forest industry was estimated to have contributed $19.8 billion, or 1.25 percent, to the country’s actual GDP in 2013.
Importance of Natural Resources to the Canadian Economy
In 2014, the country’s natural resources generated 1.8 million direct and indirect high-paying jobs, or nearly one fifth of the $259 billion in Canadian exports that made up the country’s nominal GDP.
Natural Resources Canada claims that it also brought in $26 billion annually in revenue for the government.
The fact of the matter is that natural resources are important because they are more than just water and wood.
In order to enter the world and contribute valuable economic links and value to the economy as a whole, this resource industry heavily rely on human and physical capital, investment, and resourcefulness.
Canada’s Top 10 Natural Resources
- Water
- Oil
- Forests
- Precious metals (gold, silver, copper)
- Coal
- Fish
- Uranium
- Diamonds
- Natural gas
- Rivers for generating hydroelectricity.
The center of Canada’s natural resources is Nova Scotia. In addition to business opportunities and related R&D, the province provides an abundance of natural resources. Interest areas include; Clean Technology: Mining, energy, forest products, and clean technology
The clean technology industry
Nova Scotia has a lot of international attention. This makes it easier for the province to do important research and development and, as a result, to start big projects that use natural resources on a large scale.
Energy from Wind
Some of Canada’s highest average wind speeds frequently reach +9.51 m/s; As a result, wind energy can be used to generate a lot of cheap power from a wind turbine in Nova Scotia.
Tidal Energy
Every tide, the Bay of Fundy moves more than 100 billion tonnes of water; This is greater than all of the world’s freshwater streams and rivers.
As a result, Nova Scotia is home to “the Fundy Ocean Research Centre for Energy,” the leading research facility in Canada for in-stream tidal energy.
Energy
Energy has committed more than $2 billion to offshore oil and gas projects in Nova Scotia with Shell and BP, two well-known international investors.
Products from forests
The province of Nova Scotia has a lot of forests. Its natural resources’ economic, environmental, and social benefits are balanced by its long history of sustainable forest management.
In addition, the province’s largest employer is the forest industry, which produces energy biomass, pulp, paper, lumber, and other wood products.
In addition, this provides opportunities to enhance its competitiveness by employing a workforce with high levels of expertise to produce goods for global markets.
Mining Industry
In recent years, Canada’s mining industry has expanded geometrically as numerous employment opportunities for both domestic and international workers have continued to emerge.
Over 363,000 people are employed by over 800 mines across Canada at the moment. Additionally, Canada is among the top five producers of nickel and diamonds, as well as the world’s top producer of uranium and potash.
Additionally, the mining sector, which contributes 5% of the country’s GDP and heavily entails the continuous improvement of processes and machinery, is
Nonetheless, cutting-edge technology is continually developed, ensuring that Canada is at the forefront of the mining industry worldwide.
Opportunities in the Mining Industry in Canada If you want to immigrate to Canada and want a job in the mining industry, you will most likely need to work in one of the three provinces that have the most mining jobs in Canada.
In a similar vein, Ontario accounts for 27% of mineral production in Canada, followed by British Columbia (18%), Saskatchewan (16%), and Quebec (14%).
Sector of Agriculture
When it comes to grains and wheat, Canada has you covered. One of the world’s largest suppliers of agricultural goods is Canada. However, Canada exports the majority of its crops to America, its southern brother. This is because of its advantageous location.
Sector of Energy
Because of its abundance of oil and natural gas, Canada quickly rose to the top of the world’s energy resources.
Not only does Canada have the third-largest oil reserve in the world, but it is also a world leader in hydroelectric power, with large amounts of hydroelectric energy being used by Quebec, Ontario, and Saskatchewan.
Canada’s oil-exporting and other energy-related products account for 2.9% of the country’s GDP due to its abundant energy resources.
Additionally, Canada has chosen production of solar and wind energy as the next major energy sector industry to ensure continued prosperity.
Technology Sector
Canada’s technology sector is still one of the strongest in the world, despite being undervalued for the most part.
This is always due, in part, to the Canadian Start-up Visa, which is issued by the government to immigrants and new tech companies from all over the world; Canada will continue to alter the global technology landscape in this manner.
Last but not least, Maple Leaf Country will undoubtedly welcome the brightest minds through the government Visa.
Conclusion
In conclusion, healthcare, construction, and hospitality are the most popular occupations for immigrants in Canada. Newcomers to the country can find success in these industries. In Canada, anyone can get a good job if they have the right skills and a positive attitude.
Wow!!!
Wow these is lovely
These is impressive and great
Nice update
Love to be part of these
Good information well done job
Alright
Nice
Hood
Thanks
Nice
Good
Wow this country is really worth it. No wonder people who have the knowledge about this country’s significance wants to migrate there.
Thanks for the information. Impressive
Very informative thank you
that’s why people keep leaving wow
how do I get involved
Very Nice
Wow
Noted
Very Educative
Good one
Great
I’m interested
Haha
Really Nice
Good
Good
Good
Great
Wow
Canada is nice
Interesting
Very sweet
Correct one
Amazing
Nice work
Good
Sooo amazing
Nice
Good one with accurate statistics
Good
Nice
Well
Good
Nice one
Nice information
Canada is very nice
No wonder people wants to migrate.
I would want to migrate to
Nice
Interestingly informative
Interesting
Would love to work in one of the top industries
Wow! Canada has water and diamonds
Very sweet
Soo cool
Nice job
Very educative
Wow wow
Cool
Really good
Alright
Lovely
Wonderful
Good
Alright
Very good information
Impressive
Lovely country
Wonderful
Splendidly every thing about the country is just great
Nice
Great
Great
Calm
came
Comes
Receive
Rally
Niger
Gift
Rece
Wonderful
Interesting
Great
fabulous
Encouraging