Leading sectors:
Agriculture and forestry
Canada is one of the world’s largest suppliers of agricultural products, in particular wheat and cereals. It exports mainly rapeseed, dried peas, lentils, oats, wheat and barley. Canada is also the world’s seventh largest producer of soybeans, the world’s tenth largest producer of corn and the world’s twelfth largest producer of potatoes. Forestry is one of the main activities: almost half of Canada’s land area is covered by forests, which provide abundant resources for timber, pulp and paper.
Mining
In Canada, mining has been conducted on an industrial scale since the late 18th century, and is now a significant part of its economy. Canada is a large producer of gold, platinum, nickel, copper, iron, titanium and potassium, as well as a large exporter of salt. Canadian mining investments abroad are today particularly significant in Latin America and Africa.
Oil & Gas
The production of oil in Canada is of great importance, fundamental for the economy of North America. In 2021, Canada owns the third largest oil reserve in the world, is the fourth largest producer and the fourth largest exporter. The province of Alberta, in the south, is the largest producer of oil, and until 2015 it provided 79.2% of Canada’s oil production. This included light crude oil, heavy crude oil, crude oil, crude bitumen, synthetic crude oil, and natural gas condensate.
Renewable energy
As of 2019, renewable energy technologies provide about 17.3% of Canada’s total primary energy supply. The majority of renewable energy produced in Canada comes from hydroelectricity. It supplied 58% of total electricity production in 2016, making Canada the second largest producer of hydroelectric power globally. Wind power is a fast-growing sector, as well as solar power: Canada has built photovoltaic stations, mainly in Ontario, which was the largest in the world at the time of its construction.
Electronics
The Canadian electronics industry can be divided into three main sectors: communications and components, computers and office machines and electronics. The computer segment is the largest, accounting for almost a third of the world’s industry. Semiconductors, produced in Canada mainly by telecommunications manufacturers for use in their own products, are a significant subsector of the worldwide industry.
Telecommunications
Canada has one of the highest phone relationships in the world, with almost all families having at least one phone. This penetration has helped stimulate the development of Canada’s high-tech industry, particularly in the Ottawa Valley. In particular, computer use in offices and homes is widespread, and Canada’s population has one of the world’s highest proportions of Internet users. The country is also a global leader in the use of fiber-optics technology.
Tourism
Canada has a large domestic and foreign tourism industry. Being the second largest country in the world, its incredible geographical variety is a significant tourist attractor. Much of the country’s tourism is centered in some regions: Toronto, Montreal, Quebec City, Vancouver, the Niagara Falls, Manitoba and the national capital region Ottawa. The large cities are known for their culture, diversity, as well as the many national parks and historic sites.
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