Top 5 Industries Taking Off In Canada

There’s no doubt that the Canadian economy is going from strength to strength. From tech to tourism, business leaders are helping to drive their respective industries forwards and find new ways to generate growth. Here are the top five industries currently making waves in Canada.

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Tech

Canada’s tech industry has been thriving and is one of the fastest-growing in the world. According to Forbes, it’s set to become bigger than both finance and mining and has already seen some massive deals, such as Amazon buying up e-commerce site Souq.com for US$580 million.

This tech boom has influenced other industries as well. Take online poker for instance. Nowadays, companies like Gamble Online at gambleonline.co have impressive interfaces that make gaming easier. This is reflected in its popularity, as more and more people are learning about the game and playing. If you want to learn more about playing poker, click here.

Tourism

Thanks to a diverse landscape and charming cities, Canada is one of the most popular tourist destinations in the world. According to Destination Canada, it welcomed 22 million international visitors in 2016 alone. The country has worked hard to support those setting up new businesses as well as those already firmly established within the industry. For example, Tourism Toronto recently brought the popular travel app Airbnb into the city to help boost tourism.

Healthcare

This industry has been experiencing a growth spurt of late and is placing Canada at the forefront of medical innovation and research. From stem cell technology to new cancer treatments, there’s never been a better time to get involved in the sector. With healthcare spending continuing to rise, this is one industry that could be set to experience sustained growth over the coming years. With Canada leading the way in research and development, it’s little wonder why the country remains such a hotbed for people interested in working within medicine.

Gas And Oil

Canada has recently become a hotbed for gas and oil companies looking to tap into the country’s vast shale reserves. According to the Canadian Association of Petroleum Producers (CAPP), Canada boasts 168 billion barrels of oil, with an estimated 3.6 trillion further barrels still in the ground. This made it the world’s third-largest oil reserve in 2016. As it stands, the country is responsible for around 10 percent of the global supply and this number could be set to grow as companies continue to explore further afield.

Commercial Banking

With Canada’s population set to reach an estimated 48 million by 2036, the ongoing boom in the commercial banking sector is expected to continue for some time. According to figures from Statistics Canada, it’s predicted that the country will need another 1 million jobs in the near future. This means more people than ever before are entering the workforce and steadily climbing the career ladder each year.

It’s not hard to see why Canada has become such an attractive prospect for growing businesses. These are just a few of the industries that have been experiencing a growth spurt in recent times and there are no signs of this changing any time soon.