What Are The Main Natural Resources Of Canada?

by | Last updated on January 24, 2024

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The resources fall into three categories: energy, mineral and timber resources. Energy resources include

, crude oil

, crude bitumen (oil sands) and coal. Mineral resources include gold-silver, nickel-copper, copper-zinc, lead-zinc, iron, molybdenum, uranium, potash and diamonds.

What are 4 of Canada's top natural resources?

  • Water.
  • Oil.
  • Forests.
  • Precious Metals (gold, silver, copper)

What are the 5 main natural resources?


Oil, coal, natural gas, metals, stone and sand

are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well.

What is the main source in Canada?

The most important source in Canada is

moving water

, which generates 59.3 per cent of electricity supply. Canada is the second largest producer of hydroelectricity in the world with over 378 terawatt hours in 2014. The hydropower installed capacity is more than 78 gigawatts.

What is Canada's most important natural resource?

Canadians overwhelmingly choose

water

as our most important natural resource.

What are the 3 main natural resources of Canada?

The resources fall into three categories: energy, mineral and timber resources. Energy resources include

natural gas, crude oil, crude bitumen (oil sands) and coal

.

What are the two most important resources in Canada?

In Canada, natural resources such as

oil, potash, uranium and wood

are extracted to some of the highest environmental and labour standards in the world.

What are the top 3 Imports of Canada?

  • Cars—$28 billion (USD)
  • Car parts and accessories—$20 billion (USD)
  • Trucks—$15 billion (USD)
  • Crude oil—$14 billion (USD)
  • Processed oil—$14 billion (USD)
  • Phones—$11 billion (USD)
  • Computers—$9 billion (USD)
  • Medications—$8 billion (USD)

What is the fastest growing industry in Canada?

  • Scheduled Air Transportation in Canada. …
  • Campgrounds & Recreational Vehicle Parks in Canada. …
  • Travel Agencies in Canada. …
  • Tour Operators in Canada. …
  • Foreign Currency Exchange Services in Canada. …
  • SUV & Light Truck Manufacturing in Canada. …
  • Taxi & Limousine Services in Canada.

What are the top 10 Canadian resources?

Canada has long ranked among the world leaders in the production of

uranium, zinc, nickel, potash, asbestos, sulfur, cadmium

, and titanium. It is also a major producer of iron ore, coal, petroleum, gold, copper, silver, lead, and a number of ferroalloys.

What are 20 natural resources?

  • Water.
  • Air.
  • Coal.
  • Oil.
  • Natural gas.
  • Phosphorus.
  • Bauxite.
  • Copper.

Which country is richest in mineral resources?

  • Canada.
  • India. …
  • Russia. …
  • Brazil. …
  • United States. …
  • Venezuela. …
  • Democratic Republic of the Congo. …
  • Australia. Mining is the primary industry in Australia and the main contributor to its economy which earns them over $19.9 trillion per annum. …

What is the most scarce resource in the world?

  1. Water. Freshwater only makes 2.5% of the total volume of the world's water, which is about 35 million km3. …
  2. Oil. The fear of reaching peak oil continues to haunt the oil industry. …
  3. Natural gas. …
  4. Phosphorus. …
  5. Coal. …
  6. Rare earth elements.

Is Canada richer than USA?

While both countries are in the list of top ten economies in the world in 2018, the US is the largest economy in the world, with US$20.4 trillion, with

Canada ranking tenth

at US$1.8 trillion.

Why is Canada so rich?

Canada is a world leader in

the production of many natural resources

such as gold, nickel, uranium, diamonds, lead, and in recent years, crude petroleum, which, with the world's second-largest oil reserves, is taking an increasingly prominent position in natural resources extraction.

What is Canada's biggest export?

  • Oil Drilling & Gas Extraction in Canada. …
  • SUV & Light Truck Manufacturing in Canada. …
  • Petroleum Refining in Canada. …
  • Aircraft, Engine & Parts Manufacturing in Canada. …
  • Copper, Zinc & Lead Refining in Canada. …
  • Mineral & Phosphate Mining in Canada.
David Evans
Author
David Evans
David is a seasoned automotive enthusiast. He is a graduate of Mechanical Engineering and has a passion for all things related to cars and vehicles. With his extensive knowledge of cars and other vehicles, David is an authority in the industry.