Province of Manitoba
Manitoba has one of Canada’s most diversified economies, helping to make our province the most stable economic performer in the country. Manitoba’s economic performance outperformed Canada’s for the last five years in a row and is the only province in Canada to enjoy 17 consecutive years of both private capital investment growth and employment growth. That’s one reason Manitoba has proven to be a great place to live, work and invest.
Manitoba’s economic success is based on its unique combination of competitive costs and taxes, a skilled and committed labour force, advanced infrastructure and a quality of living that is unsurpassed in the world.
Manitoba has great strength in its wealth of hydroelectric power, diverse manufacturing base, rich mineral resources and fertile soil. Mining is the second-largest primary industry in Manitoba, with annual production valued over $1.9 billion (2009), employing some 5,400 people directly (2009) and thousands more indirectly. Mines produce base and precious metals, such as nickel, copper, zinc and gold and specialty minerals such as tantalum and cesium. Manitoba has 10 producing mines, 1 smelter and 2 refineries. Additionally, Manitoba has over 40 companies producing crude oil, which is shipped by pipeline to refiners in southern Ontario and the northeast and north-central areas of the United States.
Manufacturing is the province’s largest industry, producing a wide variety of goods to ship to markets across Canada and around the world from our ideal location at the centre of North America. Aerospace equipment, processed foods, electronics, chemicals, urban and intercity buses and furniture are among Manitoba’s major manufactured goods exports.
Manitoba offers a business environment that is as competitive as any in the world. A highly educated labour force, competitive business costs and taxes, and a superb transportation, telecommunications and innovation infrastructure are all important factors underlying Manitoba’s economic success.