Forecasted inward FDI flows for Canada's mining and quarrying sector show a consistent upward trend from 2024 to 2028. Starting at $14.81 billion in 2024, investments are projected to increase to $20.28 billion by 2028. This growth suggests investor confidence and potential expansion within the sector, marking a robust Compound Annual Growth Rate (CAGR) over five years. As of 2023, the mining and quarrying sector stood at around $13.5 billion, reflecting a positive trajectory.
Future trends to watch for include advancements in sustainable mining practices, geopolitical factors affecting natural resource extraction, and evolving global demand for minerals critical to technology and energy sectors.
