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Petroleum
One of Canada's most vital economic resource is petroleum as the
Canadian petroleum reserves are estimated to be the third largest in the
whole world. The vast oil reserves have placed Canada among the
world's leading producers as well as exporters of oil. The history of the
country’s oil industry can be traced back to 1858 when James Williams
dug the first oil well. Much of Canada's oil production are in the
provinces of Newfoundland and Labrador, Alberta, and Saskatchewan.
Canada's major oil-producing region is Alberta as in 2015 it accounted
for approximately 80% of the oil produced in Canada. Canada exports
vast quantities of its oil with one of its major export destinations being
the US. The country has an average annual production of 68,800,000
tons of petroleum
Coal
Iron Ore
One of the first minerals to be extracted within Canada's borders was
iron ore with iron working being the nation's earliest industry. Iron
mining is one of the chief industries in Canada as according to the
Canadian government, the country ranked eighth in the global
production of iron ore in 2016. Canada's output of 47,000,000 tons was
2.1% of the world's total production. Canada's iron ore reserves are the
seventh largest in the world at approximately 6,000,000,000 tons. The
primary iron ore producing provinces in Canada are Newfoundland and
Quebec. Canada exports vast quantities of iron to countries like Germany
and the US.
Potash
1 Petroleum 68,800,000
2 Coal 30,000,000
4 Potash 17,900,000
5 Timber 4,000,000
6 Nickel 2,000,000
7 Fish 931,042
8 Copper 707,605
9 Zinc 322,000
10 Lead 12,000
11 Molybdenum 3,000