Search for "natural resources"

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Mining

Mining is one of Canada’s primary industries and involves the extraction, refining, and/or processing of economically valuable rocks and minerals.

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Natural Gas in Canada

Natural gas ranks among the fastest-growing energy sources in Canada and is seen by many in the energy industry as a game-changer, a comparatively clean, low-cost and versatile fuel. It can directly generate power and heat and can be chemically altered to produce a wide range of useful commodity chemicals. It burns cleaner and more efficiently than other fossil fuels, releasing significantly fewer harmful pollutants into the atmosphere. Natural gas is colorless, odourless, shapeless, lighter than air and contains a mixture of several hydrocarbon gases, which are organic compounds consisting of some combination of hydrogen and carbon molecules.

The primary consumers of natural gas are the industrial (54.1 per cent), residential (26.6 per cent) and commercial sectors (19.3 per cent). Canada is the fifth largest natural gas producer after the United States, Russia, Iran and Qatar. Currently, all of Canada’s natural gas exports go to the United States through a network of pipelines, making Canada the largest foreign source of US natural gas imports. At the end of 2016, Canada had 76.7 trillion cubic feet of proven natural gas reserves and had produced 152 billion cubic metres of natural gas that year. It is forecasted that global natural gas consumption will double by 2035.

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Maple Syrup Industry

Canada is the world’s leading producer and exporter of maple products, accounting for 71 per cent of the global market. In 2016, Canadian producers exported 45 million kg of maple products, with a value of $381 million. The province of Québec is by far the largest producer, representing 92 per cent of Canadian production. Maple syrup and maple sugar products are made by boiling down the sap of maple trees. World production of maple syrup and sugar is mainly limited to the Maple Belt, the hardwood forest stretching from the midwestern United States through Ontario, Québec and New England and into New Brunswick, Nova Scotia and Prince Edward Island; however, British Columbia, Manitoba and Saskatchewan also produce some syrup.

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Mineral Resources

Minerals are naturally-occurring, homogeneous geological formations. Unlike fossil fuels, such as coal, oil and natural gas, minerals are inorganic compounds, meaning they are not formed of animal or plant matter.

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Industry in Canada

Industry, in its broadest sense, includes all economic activity, but for convenience commentators divide it into three sectors: primary, secondary and tertiary.

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Assets in Canada

An asset is a useful and desirable thing or quality. The word is most often used in business, financial or accounting contexts. Canada has some of the world’s most impressive physical and natural resources. These resources may be viewed as “national assets.” The concept is also useful in personal finance, as housing is most Canadian families’ largest asset.

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Natural Resources in Canada

Natural resources are aspects of the natural environment from which goods and services can be obtained and produced. They include air, sunlight, water, land, vegetation, animal life and geological resources. People can also value natural resources for their own sake or for their aesthetic qualities. Humans must manage natural resources to sustain the benefits they offer.

Canada is among the most resource-rich countries in the world. Its large and varied natural resources are essential to its economies and cultures. But there are ongoing debates about how to use, share and manage natural resources.

Click here for definitions of key terms used in this article.

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Commodities in Canada

In commerce, commodities are interchangeable goods or services. Many natural resources in Canada are viewed as commodities. They are a major source of the country’s wealth. Examples of commodities include a barrel of crude oil, an ounce of gold, or a contract to clear snow during the winter. Commodity products often supply the production of other goods or services. Many are widely traded in futures exchanges (see Commodity Trading).

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Solar Energy

The energy contained in sunlight is the source of life on Earth. Humans can harness it to generate power for our activities without producing harmful pollutants. There are many methods of converting solar energy into more readily usable forms of energy such as heat or electricity. The technologies we use to convert solar energy have a relatively small impact on the environment. However, they each have disadvantages that have kept them from being widely adopted.

In Canada, the use of solar energy to generate electricity and heat is growing quickly and is helping reduce pollution related to energy production. Despite Canada’s cold climate and high latitudes (which get less direct sunlight than mid-latitudes), solar power technologies are used in many places, from household rooftops to large power plants. The Canada Energy Regulator (formerly the National Energy Board) expects solar power to make up 3 per cent of Canada’s total electricity generation capacity by 2040.

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Encana (Ovintiv)

Encana Corporation produces, transports and markets oil and natural gas. It was formed in 2002 through the merger of the Alberta Energy Company Ltd. and the PanCanadian Energy Corporation. In 2009, the company split in two. Encana remained a corporate entity focused on the exploration, production and marketing of natural gas, and Cenovus Energy was formed to concentrate on oil exploration, production and sales. In 2019, Encana announced plans to move its corporate headquarters from Calgary, Alberta to Denver, Colorado and rebrand as Ovintiv Inc. Encana Corporation earned $5.9 billion in revenue and $1.07 billion in profit in 2018, and it held $15.3 billion in assets. It is a public company that trades on the Toronto Stock Exchange and New York Stock Exchange under the symbol ECA.

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Pipelines in Canada

Pipelines are systems of connected pipes used to transport liquids and gases — namely oil and natural gas — across long distances from source to market. More than 840,000 km of pipelines criss-cross the country, part of a larger oil and gas sector that employs between 100,000 and 200,000 Canadians. According to Natural Resources Canada, the sector earns the government an average of $19 billion in royalties, fees and taxes each year. It also contributes nearly 8 per cent of Canada’s gross domestic product.

Yet pipelines have also been controversial in Canada over fears that the fossil fuel use they facilitate could be significantly contributing to climate change. In recent years, Indigenous groups, environmentalists, municipalities, mayors and labour unions have opposed numerous pipeline projects they believe could contaminate local waterways through spills and leaks.