What are Canada’s top industries?
Sponsored content
Canada has tons of industries like any other country, yet four reign supreme above all others. These industries are the top areas to job seek if you’re interested in moving to Canada for work and will give you the chance to enjoy a thriving workplace that will keep you busy while you gain a larger income than many other nations.
These are the top four industries that keep Canada afloat and why they’re such important parts of this country’s economy.
Technology
Technology is a major industry in Canada, especially in Toronto and Vancouver, the largest cities in this country. The technology industry in Canada is worth over $67.1 billion and continues to grow every day. Although it’s a smaller industry in Canada, it offers jobs everywhere and is one of the top reasons people keep listing Ottawa homes for sale so that they can move to Toronto.
Service Industry
The service industry in Canada ranges from restaurants to hospitality jobs for tourism. Tourism is one of the biggest industries in Canada since people come from around the world to enjoy skiing and snowboarding in cities like Whistler and Banff. The service industry brings in $140 billion every year and is a massive market that allows for Canadians to have the high quality of life they’ve come to enjoy and expect.
Working in this industry doesn’t guarantee high pay, but it does ensure employment, which many are scrambling to grab right now. If you start a business in the service industry, you’ll be able to garner a major income.
Manufacturing
Manufacturing is a major part of Canada’s modern economy. Currently accounting for around $174 billion every year and exporting $353 billion every year. The largest industry within the manufacturing industry is motor vehicles and coal and petroleum products. Manufacturing is mostly done in the central parts of Canada, where there’s more land for plants and more availability of the supplies needed for manufacturing.
Natural Resources
This is Canada’s largest industry and brings in nearly $300 billion every year. As almost 50% of Canada’s merchandise exports, this is a huge portion of the country’s economy. The Natural resources industry is expected to grow up to $635 billion within the next ten years: stunning investors who want to get in on this earlier. Working in this isn’t all get-rich-quick schemes; there are roles like mining, accounting, land acquisition rights teams, and other jobs tied to this industry. If you want in, it’s important to hitch your wagon to the right company and part of the industry, or it could spell disaster in no time.
Canada’s a Vast Country with Lots to Offer
Although Canada’s industries aren’t the largest on Earth, they each offer something unique that you can’t find anywhere else. From the amazing ways this nation allows its citizens to explore any market they’re interested in, the massive economy that nearly guarantees financial success for anyone who wants it, this nation is full of excellent chances.
