The country's Fall Economic Statement 2017 shows that Canada's agriculture sector continues to show economic growth.
On Friday, Agriculture and Agri-Food Canada released an overview of the Canadian agriculture and agri-food system, an annual report that provides a summary of the economic performance of the sector, including key changes in the Canadian agricultural landscape.
The report concludes that in 2016 the sector maintained its position as a key driver of the Canadian economy, generating $111.9 billion of gross domestic product (GDP), employing 2.3 million people and achieving values of $62.6 billion for agriculture, agri-food and seafood exports.
“Canada has the best farmers and food processors in the world," said Federal Agriculture Minister Lawrence MacAulay. "We are a global leader in agricultural production, and the sector is of great importance to our economy, our trade and our jobs. This is why the Government of Canada has targeted agri-food as key to Canada’s path to prosperity, and to helping strengthen the middle class.”
The agriculture and agri-food sector provides one in eight jobs and accounts for more than six percent of Canada’s GDP.
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