Close Menu
  • News
  • Economy
  • Food
  • Culture
  • Travel
  • Jobs
  • Society

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

How to find a job in Canada in a couple of hours

April 1, 2025

The main attractions of Canada and their features

April 1, 2025

Natural attractions of Canada and their advantages

April 1, 2025
Facebook X (Twitter) Instagram
EverCanada – news, economy and tourism
  • News
  • Economy
  • Food
  • Culture
  • Travel
  • Jobs
  • Society
EverCanada – news, economy and tourism
Home»Economy»Canada’s oil reserves shape the country’s economy

Canada’s oil reserves shape the country’s economy

April 1, 2025

The United States doesn’t just share a border with Canada; it’s also the country’s largest trading partner. Canada exports $570 billion worth of goods to the United States, accounting for more than 75% of the country’s $770 billion in total exports.

By comparison, Canada ships only $15.1 billion worth of goods to the United Kingdom and $28.6 billion to China. Canada holds about 9.7% of the world’s oil reserves.

While Canada officially holds the world’s third-largest oil reserves, there is some evidence that this may be a conservative estimate. There are two factors at play here. For starters, the Saudi Arabian oil industry hasn’t revised its official reserve figures since 1988, and in 2011, Wikileaks revealed that actual oil reserves may be 40% lower than OPEC claims.

Meanwhile, a new analysis of Alberta’s oil fields suggests the province’s reserves could significantly exceed those of Saudi Arabia, making it the owner of the largest crude oil reserves on the planet.

Share. Facebook Twitter Pinterest LinkedIn Telegram Email Copy Link

Related Posts

What Canada earns from and its development

April 1, 2025

Key features of Canada’s economic development

April 1, 2025

What are the marquises: what to pay attention to when choosing

January 21, 2025
Demo
Top Posts

Eastern cats incredibly beautiful and graceful breed

July 19, 2019

Traveling around Glendale (America)

April 23, 2019

How to separate the canteen zone from the kitchen space

January 13, 2025

Tour in the extremely lovely Swedish city of Sigguno

April 9, 2019
Don't Miss

How to find a job in Canada in a couple of hours

April 1, 2025

By the way, work in Canada can be found in just a couple of hours.…

The main attractions of Canada and their features

April 1, 2025

Natural attractions of Canada and their advantages

April 1, 2025

We study the miracle of nature: what to do with the Niagara waterfall

April 1, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
Latest Posts

How to find a job in Canada in a couple of hours

April 1, 2025

The main attractions of Canada and their features

April 1, 2025

Natural attractions of Canada and their advantages

April 1, 2025
Our Picks

Diary of a round -the -world traveler

October 22, 2018

Attractions and architectural monuments of England

December 5, 2019

Rest in the most free and liberal country

September 11, 2019
Most Popular

Advantages of renting an apartment through the agency

July 26, 2018

The main attraction of the city of Luosto

February 27, 2019

World -famous places that must be visited in France and see with your own eyes

April 25, 2018
  • News
  • Economy
  • Food
  • Culture
  • Travel
  • Jobs
  • Society
© 2017-2025, EverCanada news. All Right Reserved.

Type above and press Enter to search. Press Esc to cancel.