Considering resources, Canada is one of the wealthiest countries in the world. This country has variable natural resources essential to its economy and culture. They are vital to Canada’s total wealth. Oil, natural gas, minerals, lumber, water, etc., are among the abundant Canada’s Natural resources. Moreover, Canada is the second-largest country globally, having an incredible number of landscapes and natural assets.
It’s to be noted that Canada’s natural resources are extracted to some of the highest environmental standards globally, bringing considerable benefits to governments of all levels. In this section, we will talk about them in Canada. These abundant natural resources are as follows:
Table of Contents
What natural resources are found in Canada?
Main Canada’s natural resources include oil, natural gas, potash, uranium, iron ore, coal, water, softwood lumber, and other resources extracted to some of the highest standards in the world. Now we invite you to read more about them below. So, stay tuned for more information on Canada’s minerals in abundance.
Oil
The most abundant of Canada’s natural resources is oil. Having recoverable reserves of more than 173 billion barrels, Canada has the third-largest oil reserves globally and currently produces more than 4 million barrels per day. This country is the world’s fourth-largest oil exporter, and a large majority of Canada’s oil is currently sold to the United States. The oil industry is mostly found in the provinces of Alberta, Saskatchewan, Newfoundland, and Labrador.
Natural Gas
One of Canada’s natural resources in abundance in gas. Canada is the world’s 4th largest producer and 5th largest exporter. This natural resource is produced in almost all provinces and territories. Nearly one-third of Canada’s needed energy is met by natural gas, and Canada provides 20 percent of the United States’ needed gas.
Potash
Having about a quarter of the world’s total reserves at more than one million tons, Canada is the world’s largest potash producer. Most potash mines are found in Saskatchewan. Potash is mostly used to make fertilizer. About 95 percent of potash mined in Canada is exported to more than 50 countries worldwide.
Uranium
Uranium is one of the abundant natural resources of Canada. This Country has the 4th most significant uranium reserves worldwide. Being the 2nd largest uranium producer globally, Canada provided a large amount of total world uranium. Saskatchewan is home to the vast majority of uranium mines in Canada.
Iron Ore
Having 6 billion tons, Canada has the 7th largest iron reserves worldwide. Quebec, Newfoundland and Labrador, and Nunavut account for all of Canada’s iron ore production. Canada’s iron is exported to the United States, Germany, and other European nations.
Coal
Possessing the world’s 16th largest reserves, Canada produces a large amount of coal yearly. It is interesting to know that most of the coal reserves in Canada are found in British Columbia and Alberta.
Softwood lumber
Having about 30% of the world’s forest, Canada is one of the top exporters of softwood lumber, utilizing this natural resource at its best. This resource contributed $24.6 billion to the national GDP and is responsible for many jobs across the nation. Most forest industry jobs are found in Ontario, British Columbia, and Quebec.
Water
Another resource that Canada has in abundance is water. Overall, this country can be considered one of the freshwater-rich countries, and about 20 percent of the 1,386 billion km2 of fresh water in the world belongs to Canada.
The following are other minerals produced in Canada:
- Diamond
- Platinum
- nickel
- copper
- gold
Chester, Nova Scotia
Terra Nova National Park, Central Newfoundland
Canada’s Natural Resources by Province:
The average wind speed in kilometers per hour in Canada’s provinces and territories by season and year:
Our last words on Canada’s Natural Resources
Thus far, you were familiarized with Canada’s natural resources totally and by provinces which are an essential source of current and future income and provide a wide range of economic, social, and environmental benefits.
Please feel free to leave your comments, and let us know if you require any further information.Now that you’ve learned more about Canada let us know if you want to know more about Canada’s geography. You can also read more about Canada’s Politics, Economy, Socio-cultural, and history.
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