Canada has the world’s tenth largest economy, driven by the manufacturing, agriculture energy, and service sectors. Key industries in which companies operate include real estate, transportation, energy, health, and many others.
Canada is among the largest exporters and producers globally, with businesses focusing on crops, horticulture, dairy farming, livestock, aquaculture, and other agricultural products. Major industries are the forage industry, fish and seafood industry, distillery industry, and others.
The automotive sector in the country is the world’s eighth largest, and many big companies operate in Canada. Among the companies with assembly plants in the country are General Motors of Canada, Ford of Canada, Chrysler Canada Inc., Toyota Canada, and other companies.
The country is a preferred destination for high-value-added and complex business process and information technology outsourcing. Key business sectors include management services, administrative services, human resource management, client relations, and more.
Careers & Education
The education sector is among the largest in the country, but it is mostly under the purview of the Canadian government.
The entertainment sector encompasses entities that provide services or operate facilities to participate in, promote, or produce events, live performances, and exhibits for public viewing. Businesses are divided into restaurants and night clubs, establishments that provide pleasure and sightseeing cruises, recreational facilities such as casino hotels, resorts, and fishing camps, and motion picture theatres and publishers.
Canada is among the few postindustrial countries which are net exporters of energy. Energy companies operate in Quebec, British Columbia, Manitoba, Saskatchewan, and the Labrador region, where hydroelectric power is environmentally friendly and inexpensive.
The food sector is among the largest in Canada, after equipment and transportation. Businesses operate in a number of areas, including fish and seafood, functional foods and nutraceuticals, food processing and the beverage industry, and others.
The finance sector in Canada is represented by a number of entities, including banking institutions, caisses populairesand credit unions, and finance and leasing companies. Other companies with a focus on financial products and services are mutual fund companies, trust and loan companies, and pension fund managers.
The health sector in the country encompasses a variety of companies that specialize in drug manufacturing, assistive technology and medical devices, outpatient services, and other areas. Among the companies specializing in health-related services are Extendicare, BC Biomedical Laboratories Ltd, Ontario Telemedicine Network, and many others.
Many companies specialize in home maintenance services, plumbing and electrical services, repairs, and other services. Among them are Mr. Handyman, Residential Maintenance Services Inc., and others.
A number of branch plants operate on the territory of Canada, including Japanese and US automobile makers as well as factories owned by Canadian companies (e.g. Linamar Corporation, Magna International).
The legal sector in Canada is represented by law firms specializing in different areas of law, including mining law, corporate law, criminal law, and many others.
The insurance sector in Canada offers the full array of insurance products and services, including life and health insurance, disability insurance, group benefits, and others. Among the key players in the field are Desjardins Financial Security, Great-West Life Assurance Company, Manulife Financial, and others.
The information technology sector in Canada is dynamic and multifaceted, with companies working in specialized market segments. Companies specializing in IT services includeBell-Northern Research, Northern Telecom, Newbridge Networks, and many others.
This sector encompasses mainly establishments that are engaged in leasing, renting, and, in general, allowing the use of intangible and tangible assets. Companies specialize in renting, selling/ buying real estate, and appraising properties.
Retail trade is a sector which encompasses a variety of establishments, among which supermarkets, mobile home dealers, hardware stores, mom and pop shops, drug stores, and many others retail businesses. Big box retailers include retailers of electrical and plumbing supplies and building materials.
The sporting goods sector in Canada manufactures fitness and recreational equipment for group and individual activities, with some 200 establishments working in this industry.
This sector encompasses mostly establishments that transport goods and passengers, store and warehouse goods, and provide services to such establishments. Many of the companies are structured as networks, and their physical facilities, workers, and activities are distributed across regions.
The tourism business in Canada increasingly specializes in flexible holidays, holidays on short notice, highly branded destinations, and destinations chasing specific markets.