The New Millennium
Vancouver, Calgary, and Edmonton have embraced the information-technology boom, diversifying the resource-based economy of both provinces. Nonrenewable resources are still the backbone of western Canada’s economy, however.
Since Martin Frobisher took 1,000 tons of fool’s gold from the Canadian Arctic back to England in 1576, natural resources have always played a vital role in the exploration and economy of Canada. It looks like this will continue well into the future—the oil sands of northern Alberta hold the world’s largest deposit of oil, in the last decade the Northwest Territories has become one of the world’s largest diamond producers, and the potential of vast reserves of natural gas off the British Columbia coast are just being realized.
With a growing, relatively young, and well-educated population; a strong economy; and staggering resources still available in the ground, the future remains bright for Canada’s western provinces.
© Andrew Hempstead, from Moon Western Canada, 3rd Edition