The forecast for Canada's mining and quarrying output shows a steady growth from 2024 to 2028, starting at 191.28 billion CAD in 2024 and rising to 191.81 billion CAD by 2028. The anticipated growth is incremental, reflecting a small year-on-year increase. In 2023, the industry stood below the 2024 forecast value of 191.28 billion CAD, indicating a positive growth trajectory.

Future trends to watch for include:

Global commodity price fluctuations which could affect mining revenues.
Technological advancements in mining that may improve efficiency and output.
Environmental regulations and policies impacting operations and sustainability initiatives.
Investment in renewable energy resources and its effect on traditional mining sectors.