Canada has an ambitious plan to achieve 40-45% emissions reductions below 2005 levels by 2030 and achieve net-zero emissions by 2050. This will create significant new opportunities in renewable energy, green technology and sustainable innovation.
As the only country in the Western Hemisphere that has all the critical minerals required to manufacture electric vehicle (EV) batteries, Canada is well positioned to stake a claim in this industry. Canada currently ranks 1st in North America and 4th in the world for raw material capabilities in the battery supply chain. A recently announced $4.9 billion EV battery manufacturing plant coming to Windsor, Ontario, is an example of this trend.
Canada’s technology industry is one of the strongest in the world thanks to a deep and competitive talent pool and government initiatives to bring new tech companies from across the globe to Canada. Canada’s technology industry is currently growing fast in digital media, wireless infrastructure and e-commerce.
Canada’s agricultural sector, meanwhile, is steadily growing every year and accounts for 8% of the country’s GDP12. Accommodation and food services continue to grow, too, as does construction, transportation and warehousing and the arts, entertainment and recreation13. Skilled manufacturing, healthcare, commercial banking14 and services, which accounts for a remarkable 80% of Canada’s GDP and employs almost three quarters of the entire country15, are also very important sectors.