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Presentation to the
Slovenian Chamber
of Commerce
September 24, 2013
Overview of Canada’s economy
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•
•
•
GDP (2011) 1.7 trillion CDN$
2.7% GDP growth between 2012 Q2 and 2013 Q2
Unemployment rate: 7.1% (August 2013)
Merchandise exports: 39.2 billion CDN$ (4.3%
increase since 2012)
• Merchandise imports: 40.1 billion CDN$ (-0.8%
decline since 2012)
• Merchandise trade balance: -0.9 billion CDN$
• Consumer Price Index (CPI): 1.3% between 2012
and 2013
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Canada is a Global Energy Leader
• 3rd largest oil reserves (dominantly in mid and western
Canada)
• 6th largest oil producer (a large portion of production is in
Alberta, with oil sands being the main source of production)
• 3rd largest producer of natural gas (mostly conventional gas,
with shale gas fields discovered in Ontario and Quebec)
• 3rd largest producer of hydro power
• 2nd largest producer of uranium
• Over 75% of power generation non emitting
• Vast renewable and clean energy potential
• The sector employs over 500,000 both directly and indirectly
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Strengths of the oil and gas industry
in Canada
• Most of the world's recoverable oil reserves are in Canada,
making Canada one of the most important investment
destinations for oil.
• Canada offers an advantageous location for R&D.
• Today's petroleum industry requires innovative technology;
Canadian technology suppliers have proven their excellence.
• Canada has large gas supplies, including unconventional
reserves.
• Canada is well-positioned geographically to supply the
growing energy demand of Asia via its Pacific ports and
terminals.
• Canadian production companies in the sector are sizeable and
well-run, and operate internationally.
• Canada has displayed enviable economic management and a
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Canadian Power conference APPrO
• APPrO is a conference that has been organized in Toronto, on
an annual basis since 2003. This year it will be held between
the 19th and the 20th of November.
• The target audience consists of professionals in the energy
sector from all over the world interested in meeting and
learning from professionals based in Ontario.
• Participants include representatives from the Ontario Power
Authority, KPMG, Ontario Energy Association, Transcanada
Energy, numerous colleges and universities from Ontario and
numerous other firms as well as governmental institutions.
• Covered topics will include: nuclear perspectives, projects
finance, gas fired power generation, political issues etc.
• Further information:
http://conference.appro.org/conference2013/index.php?option=c
om_frontpage&Itemid=1
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Agriculture and agri-food in Canada
• The agriculture and agri-food system encompasses several
industries including the farm input and service supplier
industries, primary agriculture, food and beverage processing,
food distribution, retail, wholesale and foodservice industries.
• It makes a significant contribution to Gross Domestic Product
(GDP) and employment, directly providing one in eight jobs,
employing 2.1 million people and accounting for 8.0% of
total GDP.
• Canada is both the sixth-largest exporter and importer of
agriculture and agri-food products in the world [if the EU is
treated as a bloc], with exports and imports valued at $40.3
billion and $31.0 billion, respectively.
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Canadian agriculture at a glance
Total Agri-Food
Exports:
Total Agri-Food
Imports:
Trade Balance:
Canadian Agri-Food Trade ** (CDN$ billion)
2009
2010
2011
35.175
35.460
40.303
28.009
28.106
31.117
7.167
7.354
9.186
Canadian Top 5 Agri-Food Exports ** (CDN$ billion)
2009
2010
Total Agri-Food
35.175
35.460
Exports:
Canola
3.456
3.398
Non-durum wheat
4.566
3.935
Canola oil
0.867
1.398
Soybeans
0.989
1.335
Frozen pork
1.011
1.059
2011
40.303
4.592
4.574
1.856
1.385
1.295
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The Gourmet Food & Wine Expo
The annual Gourmet Food & Wine Expo is held in
November at the Metro Toronto Convention Centre,
North Building. Each year the Expo offers 38,000
guests an unparalleled opportunity to sample over
1,500 fine wines, spirits and beers from around the
globe. In 2013 it will be held between November 14-17.
Further information:
http://www.foodandwineexpo.ca/sitepages/
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The Canadian Trade Commissioner
Service
• The Canadian Trade Commissioner Service (TCS) provides
Canadian companies with on-the-ground intelligence and
practical advice on foreign markets to help them make better,
more timely and cost-effective decisions in order to achieve
goals abroad.
• Through our presence in more than 150 cities worldwide, we
gain market intelligence and insight, and uncover opportunities
for Canadian companies.
• With offices across Canada, we can help companies prepare for
international markets, right here at home.
• We can assist Canadian companies to: export, establish abroad,
tackle a market access issue, pursue a joint-venture or strategic
alliance, participate in global value chain, seek technology and
R&D partnerships.
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For more information
Contact us at
The Canadian Embassy, Budapest, Hungary
Budapest 1027, Ganz utca 12-14.
Budapest, 1027
Hungary
Tel: +36 1 392 3351
Fax: +36 1 392 3395
E-Mail: [email protected]
Website:
www.tradecommissioner.gc.ca/hu