Rivers (For generating hydroelectricity). If you think of the economy as a tree then the resource sector is the trunk supporting the branches and leafy foliage of value added and service-sector activities. Transparency. In short, natural resources matter because they are more than just hewing wood or drawing water. The resource sectors of Alberta, Saskatchewan and Newfoundland and Labrador with their focus on energy production, were a key reason why Canada weathered the 2009 recession period as well as it did. Resources still matter. While other countries may produce more of one product or another, no nation derives more net benefit from trade in forest products than Canada, and the gap between Canada and the second largest net trader (Sweden) has been expanding continuously since 2009. Forests are a major source of wealth for Canadians, providing a wide range of economic, social and environmental benefits. to Canada. Career opportunities. 35% of the world’s oil and gas companies reside in Alberta, Canada. The resource sector relies on human and physical capital, investment, and resourcefulness to make its way in the world and these provide valuable economic linkages and value added to the economy as a whole. It has a long history of sustainable forest management balancing the economic, environmental, and social benefits of our natural resources. Our flexible approach to capital allocation allows us to take advantage of opportunities that arise regardless of the business cycle. Coal is another of Canada's most essential natural resource as the nation's coal reserves are considered to be the world's fifth largest. V7Y 1C6, New Brunswick in-Demand Jobs in Canada in 2020, Newfoundland & Labrador In-Demand Occupations in 2020, Northwest Territories In-Demand Jobs in 2020, Prince Edward Island In-Demand Occupations, British Columbia In-Demand Occupations for 2020, Spousal and Common-Law Partner Sponsorship, Provinces and Territories by Gross Domestic Product, 4. We operate The resource sector is not just energy but includes forestry, mining and agriculture. The Bay of Fundy pushes more than 100 billion tonnes of water every tide - more than all the freshwater rivers and streams in the world combined. Simply Science - Hope for Climate Change From Canada’s Arctic Ocean Resources still matter. For enquiries, contact us. Canada's coal mines are primarily located in the western region of the country with some of the greatest coal-producing provinces being British Columbia and Alberta. Immigrate According to Natural Resources Canada, in 2014 Canada’s natural resources accounted for 1.8 million direct and indirect high-paying jobs, nearly one-fifth of Canada’s nominal GDP, $259 billion worth of Canadian exports and generated $26 billion a year in revenues for governments. Nova Scotia's clean technology industry attracts considerable international attention, making it easier for us to engage in significant research and development activities and large-scale projects that make use of our natural resources. This is just one of the reasons industrial manufacturing products like tires and other industrial products such as plastics and metal fabrication are leading exports, behind seafood, in Nova Scotia. Articles, podcasts, videos Contact us Contact Natural Resources Canada Media Room Stay connected. Precious Metals (gold, silver, copper), 10. The province has partnered with Lightsail Energy and Tesla Motors on ground-breaking research in the field of energy storage. The resource sector is not just energy but includes forestry, mining and agriculture. All rights reserved | This website is owned and operated by Maple Solutions OÜ. Nova Scotia's manufacturing infrastructure connectivity and logistics facilities make it the ideal choice for servicing Europe and North America.
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