In an increasingly competitive global economy, Canadian business cannot expect to compete on the basis of low costs. Instead, our global success will require a focus on remaining a strategic niche player that fulfills specific needs. This approach means fostering an innovative private sector with deep links to global supply chains, particularly with emerging economic powerhouses in Asia, Africa and Latin America.
In this report, the Canadian Chamber of Commerce examines one resource sector where Canada has succeeded in establishing itself as a world-leading niche player. The World’s Mining Capital demonstrates how a strategic focus on resource-based industries like mining can serve Canada well in the fiercely competitive environment of the 21st century. Many Canadians do not realize that Canada is a major mining country and a top 10 producer of 17 key metals and minerals.2 The extraction and processing of these materials is an important part of Canada’s industrial sector and an essential source of GDP, jobs and government revenues from coast to coast to coast.