Export Development Canada says Canada could add nearly $100 billion to GDP in 2035 by moving toward more sophisticated exports. The estimate, outlined in a September 17 release about its report From Resources to Resilience, depends on future investment and other changes; it is not an economic gain already achieved.
EDC identifies opportunities in processing, refining and advanced materials, alongside sectors such as agri-food, critical minerals, defence and aerospace. Its argument is that Canada can capture more value from its existing strengths instead of relying on raw-resource exports alone.
The report calls for growth capital, skilled workers, commercialization of intellectual property, trade infrastructure and coordinated strategies. EDC says Canada retains important capabilities despite declining economic complexity since the mid-1990s.
President and CEO Alison Nankivell says realizing the potential will require cooperation among governments, businesses, investors and other institutions. The projection and recommendations are EDC’s assessment.
