Canada’s Natural Resources: Oil Sands, Potash and Forests

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Recursos naturales de Canada 28 1

Canada’s natural resources make it the world’s fourth-largest oil producer, at some 5.1 million barrels a day in 2024, and the holder of the planet’s fourth-largest freshwater reserve, at 2,902 km³. Its forests cover 38.70% of the territory, and it produces gold, copper, iron ore and aluminum. What are the natural resources of Canada?

Canada is a country rich in natural resources, with vast stretches of forest, rivers and lakes, abundant biodiversity and large mineral and energy reserves. Its favorable geographic position gives it access to important trade routes and to a wide variety of climates and ecosystems.

Managing Canada’s natural resources sustainably is crucial to the country’s environmental and economic balance, and extracting them responsibly is a constant challenge for its economy.

Which are the most notable natural resources in Canada? What mineral wealth does Canada hold, and where does it sit in the global rankings? How diverse are the plants, animals and fish in Canada? How is the land used, and how much does Canada protect its biodiversity?

Natural Resources

Natural resources are materials or energy sources provided by or found on Earth that are useful to humans. Every product we manufacture is made up of natural resources.

  • Renewable resources: these can be restored by natural processes faster than the rate at which they are consumed. Examples include solar radiation, wind, hydroelectric power, water when used properly, and plant and animal life.
  • Non-renewable resources: once extracted, these are depleted and cannot regenerate. Examples include hydrocarbons, metals and minerals.

Examples of Canada’s main natural resources

What Canada’s subsoil is worth

Economic weight of the country’s natural wealth and the conservation status of its territory.

Total natural resource rents4,9 % of GDP2021
Oil rents2,8 % of GDP2021
Mineral rents1,2 % of GDP2021
Forest cover39,5 % of the territory2023
Protected land area12,9 % of the territory2025
Land area8,788,700 km²2023
Where the rents come from, 2021Oil accounts for the largest share of the country’s resource rents, measured as a percentage of GDP.
Oil2,83 %
Minerals1,18 %
Natural gas0,79 %
Coal0,07 %
Forest0,07 %
ResourceReserves / ProductionSource
Oil5.13 million barrels/day (2023); 4th in the worldCanada Energy Regulator 2024
Natural gas172,300 million ft³; 6th in the worldEIA
Fresh water2,902 km³; 4th-largest reserve worldwideFAO
Forests38.70% of the territory; 3rd in the worldWorld Bank
Coal39.6 million t (2020); 16th in the worldUSGS
Aluminum2,900 thousand t (2019); 4th in the worldUSGS
Canada’s main natural resources. Data from the sources cited in this article.

Oil and gas resources in Canada

Canada is one of the world’s leading oil producers. In 2023 its daily oil output reached around 5.13 million barrels (Canada Energy Regulator, 2024), keeping it among the largest producers in the world.

It also holds a great volume of oil reserves, estimated at 170,863,000,000 barrels as of 2022, placing it third in the world ranking. Canada is known as a region rich in natural resources, with oil among its main exports.

Canada also has abundant natural gas resources, giving it annual output of 172,300 million cubic feet. The country sits sixth (6th) in the world ranking of natural gas producers.

Examples of Canada’s mineral resources

Canada is a significant producer of coal, with output of 39.6 million tonnes in 2020, placing it sixteenth (16th) in the world ranking. It also holds coal reserves of 7,255,404,420 tonnes as of 2016, or 0.60% of the world’s coal reserves. The main producing region is the province of Alberta.

In 2019, production of aluminum in Canada reached 2,900 thousand tonnes, placing it fourth in the world ranking. The main aluminum-producing region in Canada is Quebec, one of the most competitive areas in the world for producing this metal.

In 2020, production of copper in Canada reached 570 thousand tonnes, placing it eleventh in the world ranking. The main copper-producing region in Canada is British Columbia, which holds major deposits of this metal.

In 2019, production of iron ore in Canada reached 54,000 thousand tonnes, placing it eighth in the world ranking for iron ore production. That figure represents an important contribution to the global market for this resource, making Canada one of the main iron ore producers in North America.

Canada is the world’s fourth-largest producer of platinum with output of 7,400 kilograms in 2019. The country’s main mine is the Lac des Iles platinum mine, in Ontario.

Canada is one of the world’s leading producers of gold worldwide, with output of 170 tonnes in 2020 and reserves of 2,000 tonnes. It ranks fifth in the world. The main gold mine is at Red Lake, in Ontario.

Water resources of Canada

Canada holds an impressive freshwater reserve of 2,902 km³, placing it fourth in the global ranking of water reserves as of 2020. Among the country’s main bodies of water are the St. Lawrence and Mackenzie rivers, along with Lake Ontario, the largest of the Great Lakes.

Mackenzie River

Average rainfall and soils of Canada

Canada has average annual rainfall of 537 mm, ranking one hundred and twentieth (120th) worldwide. The country’s actual humidity shapes its soils, which range from damp, boggy ground in the rainiest regions to dry, arid soils elsewhere.

Renewable electricity and hydropower production in Canada

Canada is one of the world leaders in renewable energy production, with total output of 667,438 GWh. The country’s main hydroelectric plant is Churchill Falls, which produces 5,428 MW of hydroelectric power and is one of the largest in the world.

Canada’s hydropower output is striking at 387,208 GWh, more than 50% of the country’s total renewable energy production.

Forest resources of Canada

Canada is known as one of the world’s principal forest regions. It has a forest area of 3,469,281 km², representing 38.70% of its land area. This natural resource is central to the country’s economy, since it is used to produce paper, timber and other products.

Canada ranks third in the world for forest area.

Environmental performance and protection of Canada’s natural resources

Canada is a country that values the protection of its natural resources. On the Environmental Performance Index (EPI) 2024, Yale University, Canada scored 61.1 and ranked twenty-eighth (28th). One of the measures the country has taken to protect its environment is the creation of protected land and marine areas, which account for 10.80% of its total territorial area.

Natural parks of Canada: the hidden wealth of natural resources

Biodiversity: animal and plant resources of Canada

Birds of Canada

Canada has rich bird diversity, with a total of 518 species recorded in 2018, placing it 69th worldwide. Although it had no endemic bird species as of 2020, 24 of its species are endangered.

Among the country’s most emblematic species is the bald eagle, considered Canada’s flagship bird.

Bald eagle

Fish and amphibians of Canada

In 2019, 46 amphibian species were recorded in the country, placing it 58th worldwide.

Canada has a total of 1,140 fish species, ranking 31st worldwide. However, 44 of those fish species are threatened. The country’s flagship amphibian and fish species are the wood frog and salmon.

Mammals of Canada

Canada is a country of great mammal diversity, with a total of 202 species as of 2016. Of those, however, 18 are threatened.

Worldwide, Canada ranks 37th for number of mammal species. It also has 5 endemic mammal species.

Although its world ranking for endemic mammals is 38th, protecting and preserving these unique species matters — among them the barren-ground caribou, the country’s flagship mammal.

Caribou

Reptiles of Canada

Canada has a total of 54 reptile species, placing it 98th worldwide for diversity of these animals. Its flagship species is the horned lizard, endangered by the loss of its natural habitat.

Plants of Canada

Canada has great vascular plant diversity, with a total of 3,893 species recorded in 2020, placing it 57th worldwide. The country’s flagship plant is the maple, whose star-shaped leaves and characteristic red fall color are a national symbol.

Canada's natural resources

Organizations that protect or study Canada’s natural resources

Canada holds the largest potash reserves on the planet: 1.1 billion tonnes of potassium oxide (K₂O), first in the world according to Natural Resources Canada, 2024. The country supplied 32.8% of global output of this fertilizer in 2024. Its resource base combines mining, boreal forest, fresh water and oil sands, with sharp contrasts between world leadership and environmental pressure.

Potash, uranium and nickel: Canada’s mining weight

Canada is the world’s largest producer and exporter of potash. In 2024 it produced close to 25 million tonnes of potassium chloride and exported 22.9 million, more than 39% of world trade, according to Natural Resources Canada, 2024.

That leadership extends to other strategic minerals, measured by production and reserves:

  • Uranium: 14.3 kilotonnes extracted in 2024, second-largest producer worldwide with 24% of supply and the third-largest global reserve (more than 588,000 tonnes of elemental uranium), according to Natural Resources Canada, 2024.
  • Nickel: 125,364 tonnes in 2024, fourth-largest producer worldwide with close to 4% of the total; its reserves of 2.2 million tonnes rank eighth, according to Natural Resources Canada, 2024.

Fresh water: water yield and the Great Lakes

Canada records the third-largest supply of renewable fresh water in the world. Average annual water yield was 3,478 km³ between 1971 and 2013, equivalent to 103,899 m³ per capita, according to Statistics Canada, 2017.

The Great Lakes, shared with the United States, hold around 18% of the world’s surface freshwater stock, according to Statistics Canada, 2010.

Boreal forest: 307 million forested hectares

Canada has 369 million hectares of forest, close to 9% of the world total, according to Natural Resources Canada, 2023.

The boreal zone accounts for most of that area:

Oil sands: 98% of oil reserves

Canada holds 163 billion barrels of proven oil reserves. The oil sands account for 159 billion, 98% of the total, and constitute the world’s fourth-largest proven oil reserve, according to Natural Resources Canada, 2024.

Oil sands production reached 3.5 million barrels a day in 2024, according to the same source. Total natural resource rents represented 4.95% of Canadian GDP in 2021, according to World Bank, 2021.

Protected areas: 12.9% of the land territory

Canada’s protected land area is equivalent to 12.9% of the country’s area, according to World Bank, 2024.

The international register counts 15,846 protected areas and 490 other effective area-based conservation measures (OECMs), according to Protected Planet, 2025.

Frequently asked questions

What is Canada’s main mineral resource?
Potash. Canada leads the world with reserves of 1.1 billion tonnes of K₂O and 32.8% of global supply in 2024, according to Natural Resources Canada, 2024.

What share of Canada’s oil reserves is in the oil sands?
98%. The oil sands account for 159 billion of the 163 billion proven barrels and form the world’s fourth-largest reserve, according to Natural Resources Canada, 2024.

Where does Canada rank in uranium production?
Second in the world, with 24% of supply and 14.3 kilotonnes extracted in 2024; its reserves rank third globally, according to Natural Resources Canada, 2024.

Sources used

Last updated: July 25, 2026

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Juan David Montoya

Written and reviewed by

Juan David Montoya

Economist from the Universidad de Antioquia (Medellín, Colombia), covering the environment and sustainable development since 2013. The work here begins with hands-on research in the databases of the major international research institutions — the World Bank, FAO, the United States Geological Survey (USGS), the United Nations and the OECD — the source of every indicator published on this site, each one cross-checked. The aim is to turn that data into a simple, visual format: tables, maps and visualizations that make each country's environmental situation clear at a glance.

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