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For a plain-language summary, please see Regional Economics in Canada (Plain-Language Summary). Economic Regions in Canada. (MAP BY HARRISON PANABAKER/HISTORICA CANADA) Atlantic Canada. (MAP BY HARRISON PANABAKER/HISTORICA CANADA) Quebec. (MAP BY HARRISON PANABAKER/HISTORICA CANADA) Ontario. Western Canada. Northern Canada.
Canadas Northern economies are highly dependent on natural resource industriesespecially oil and gas, mining, forestry, and fishing. Its vast land mass with plentiful natural resources has drawn companies to explore, develop, and exploit the Norths rich natural assets.
The main economic drivers are the mining, forestry, oil, and natural gas industries, as well as the public sector (government, health, education, and social services). The Northern economies of Quebec, Ontario, and Manitoba have struggled over the past decade.
Northwest Territories Economy and Employment Mining is the largest private sector industry, with major mines for ore including gold, uranium and recently diamonds. Oil and gas exploration and development in the Mackenzie River valley and offshore in the Beaufort Sea are also becoming important.
In 1969, the Department of Regional Economic Expansion (DREE) was created and a liaison office opened in Qubec, as was the case in all provincial capitals. When DREE was decentralized in 19731974, four main economic regions were established: Western Canada, Ontario, Quebec, and Atlantic Canada.
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In the north, its resource extraction. Out west, Canadas economy depends on the oil sands, forestry, and farming, depending on where you are.
CanNor works with Northerners and Indigenous peoples, communities, businesses, organizations, other federal departments and other orders of government to help build diversified and dynamic economies that foster long-term sustainability and economic prosperity across the territories Nunavut, Northwest Territories, and
Canada is a wealthy nation because it has a strong and diversified economy. A large part of its economy depends on the mining of natural resources, such as gold, zinc, copper, and nickel, which are used extensively around the world. Canada is also a large player in the oil business with many large oil companies.

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