The Canadian economy is the ninth largest in the world, with a highly developed structure that is continuously growing and expanding. According to World Bank data, Canada’s gross domestic product (GDP) was estimated at $2.14 trillion in 2022.

The 3 largest industries measured by their contributions to the overall GDP are as follows:

• Real Estate, Rental, and Leasing
• Manufacturing
• Mining and Quarrying
• Oil and Gas Extraction

International trade, including exports and imports, plays an important role in the Canadian economy. Each makes about a third of the GDP. Canada’s biggest trading partners are the United States, the United Kingdom, and China.

Last but definitely not least is the fact that many well-known companies have headquarters in the Great White North. These companies include eCommerce giant Shopify and energy transportation and distribution company Enbridge, among some of its bigger players.

Additionally, Canada is home to major banks such as the Royal Bank of Canada. However, there is one issue that affects Canada’s economy; many Canadians are retiring at the same time. These two simultaneous factors create a reality with plenty of vacant positions across a wide range of industries. The latter mainly consists of the following fields:

• Healthcare and Aged Care
• STEM
• Transportation
• Construction
• Teaching
• Hospitality

As a result, the Canadian government became a fan of foreign workforce, and has been encouraging skilled professionals to obtain their Canadian work visas and assimilate in Canada.

The comprehensive list of in-demand occupations is available on the Canadian government’s official website. Be sure to check it before applying for a Canadian work visa.