Considered an “energy superpower” due to its abundant natural resources and small population, Canada ranks 3rd in the world in proved oil reserves.

Canada Overview

Canada is a promising country for global business engagements as it ranked as one of the least corrupt countries in the world, according to the Corruption Perceptions Index, and is also one of the world’s top ten trading nations. The country experiences a relatively low level of income disparity and also has a highly skilled labour force.

The logging and energy industries are the most important, lending to the country’s impressive growth of the manufacturing, mining and service sectors.

The country’s main trading partners are the USA, China and Mexico.

Landscape and growth

Global State of the Market Report

In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 69,000 professionals on Advisory Boards in Canada or 3% of the global Advisory Board market. There is also a projected growth of 111% for the sector in the country.

Canada’s Advisory Board Landscape

Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in Canada. As an emerging sector, advisory board professionals may have opportunities in key sectors including – technology, energy and automotive – and are encouraged to stay open-minded to start-up and emerging industries.

Future Growth Opportunities

There is a growing opportunity for professionals to increase participation in Canada, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.

Key Statistics

Population 37.59m
GDP 1.736tn (USD)
Labour Force by occupation
Industry and Services76%
GDP by sector
Import 629.402bn (USD)
Export 618.762bn (USD)
Global ease of doing business rank 23rd
Global ease of doing business score 79.6/100