Carney Government Rides on Resource Sector to Meet Export Targets

The Canadian government's goal to double non-U.S. exports by 2035 relies heavily on the country's natural resource sector, according to a recent report.

Prime Minister Carney has pledged to increase Canada's non-U.S. exports, which currently make up only a small portion of the country's total exports.

The natural resources sector is a significant contributor to Canada's economy, generating 16% of the country's economic output and supporting 1.8 million jobs.

There are over 500 major resource projects under construction or planned across the country, representing potential capital spending of $630 billion.