Next-generation Canada Economy Will Benefit From Mining

29 Jan 2013

Mining potential can take Canada’s economy to new heights.

“The mining sector in Canada’s North is forecast to almost double its output and employment by the end of the decade – staggering growth compared to the Canadian economy as a whole”.

But to achieve this, Canada has to make greater efforts. Industry, governments and communities need to address key issues including infrastructure, regulatory uncertainty, skills shortages and Aboriginal rights to see this bright future.

As per the prediction by The Conference Board of Canada Canada’s overall northern metal and non-metallic mineral output will increase by 91 per cent from 2011 to 2020, which is a compound annual growth rate of 7.5%.

The annual GDP of mining in the north, which was $4.4 billion in 2011, is expected to reach $8.5 billion in 2020.

People with education and relevant experience in mining can move to work and settle in Canada.

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