Investment
Canada relies heavily on international trade and investment for its economic growth and prosperity. Trade supports jobs and creates economic activity throughout the regions of Canada.
Canada's trade interests are advanced through partnerships between federal and provincial governments, government-funded organizations and private industry participants.
Canadian Petroleum Trade Facts
- Canada's net energy export revenues totalled $50.8 billion in 2007.
- In 2007, the oil and gas industry contributed an estimated $24 billion to government revenues in the form of royalty payments, bonus payments and income taxes.
- Canada's crude oil and natural gas trade surplus contributed 92% of Canada's merchandise trade balance in 2007.
- Canadian exports of energy products increased 5.6% in 2007 from the previous year to $91.6 billion and imports increased by 5.8% to $36.6 billion.
- Crude oil and natural gas contributed $45.7 billion to Canada's merchandise trade surplus of $49.7 billion in 2007.
