Global oil and mineral mining has been going through many challenges in recent years, including volatile commodity prices, technological innovations, and trade policies. There are concerns that these challenges may be causing a gradual decline in Canada’s oil and mineral mining position in the world. For Manitoba, the oil and mineral mining sector is an important contributor to the provincial economy generating an annual average of $2.15 billion in economic activity over the past decade, a 3.70% share of provincial Gross Domestic Product (GDP).1 Given the market challenges, growth in the sector has been levelling off in recent years.
This report provides insight into the main contributions of the oil and mineral mining production sector to Manitoba’s economy. The first section of the report provides a broad overview of oil and mineral supply chain activity in Manitoba, including its industries, main product uses, assets, and key trends. The second section, using data from Statistics Canada, Natural Resources Canada and the Manitoba Petroleum Branch, provides an economic trend analysis of key macroeconomic elements including economic output, gross domestic product, labour income, employment, international trade, and capital investment. The third section expands on this through an economic impact analysis of the sector and its component industries in Manitoba. The report concludes with a summary assessment as well as suggestions for addressing some of the opportunities and challenges shaping the sector.
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