Canada Economy

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Canada ranks among the 10 leading manufacturing nations

Most of Canada's manufacturing industry is located in the provinces of Ontario and Quebec. Other important manufacturing sectors in Canada include food and beverages, paper and allied products, primary metals, fabricated metals, petrochemicals, and chemicals.

The Atlantic, Prairie, and Pacific regions of Canada have concentrated on establishing their natural resource-based economies such as fishing, forestry, and mining. The Prairie provinces are dependent on agriculture and mineral fuels, while British Columbia's primary industries are forestry and mining, and tourism. 

In recent years, Alberta has played an increasingly important role within the Canadian economy due to its abundant natural resources and strong oil and gas sectors. From oil and gas to precious minerals, lumber, and agriculture, the country is rich in natural resources.

Learn more about the economies of specific provinces and territories:

Alberta Economy

Alberta Economy and Employment

After over a decade of high growth rates, Alberta remains filled with potential for further economic expansion. Alberta’s economy is driven by its booming energy industry, a major employer in the province. The energy industry directly accounts for one in every 16 jobs  jobs in the province. This sector is expected to grow even further as technological advances allow the development of the oil sands in the north of the province. Alberta’s high rate of economic growth is not limited to the energy industry, however, as the province boasts a diverse economy. Alberta’s manufacturing sector has doubled in size in the last decade, and innovation is spurring new industries that make Alberta a strong competitor in global markets. Beyond oil and gas, forestry remains an important industry, worth over $6 billion annually. Alberta has also traditionally been home to large farming and ranching industries, which remain an important part of the province’s culture and economy.

With the rapid pace of economic development in the province, Alberta is a great place to find work in Canada. Alberta enjoys an unemployment of around 5.5%, well below the national average of 6.8%. When this low unemployment rate is combined with low natural population growth and record-setting numbers for job creation, the result is that there are many job opportunities available for immigrants in the province.

In recent years the province has increased the number of permanent resident immigrants as well as temporary foreign workers living and working in the province, yet the unemployment rate continues to decline. International surveys consistently rank Calgary and Edmonton among the top cities in the world to work. On top of the availability of jobs, people enjoy working in Alberta thanks to its high standard of living.

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