In 2023, Canada's Mining and Quarrying Gross Value Added stood at 90 billion Canadian Dollars. The forecast for 2024 to 2028 indicates a steady decline from 88.32 billion in 2024 to 77.68 billion in 2028. This represents a year-on-year percentage decrease of approximately 3% each year. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) suggests an average annual decline of about 3.1%.
Future trends to watch for include potential impacts from green energy shifts, technological advancements in mining, and regulatory changes focused on environmental sustainability, which could alter demand and investment dynamics in the sector.
