Quick Answer: What does Canada have the world’s largest reserve of?

Canada is the world’s largest producer and exporter of potash (potassium oxide equivalent). It also has the world’s largest potash reserves, with about a quarter of the world’s total reserves (23.3 per cent) at more than 1 billion tonnes.

What is the largest resource in Canada?

What Are Canada’s Natural Resources?

Rank Resource Annual Production (Estimated Tonnes Unless Specified)
1 Petroleum 68,800,000
2 Coal 30,000,000
3 Iron Ore 25,000,000
4 Potash 17,900,000

Does Canada have the largest oil reserves?

Canada has the third-largest proven oil reserve in the world, most of which is in the oil sands. … Canada accounts for 10% of the world’s proven oil reserves. Learn more about offshore oil and gas resources and shale and tight resources in Canada.

What is Canada’s most valuable natural resource?

Canadians overwhelmingly choose water as our most important natural resource.

Who has the world’s largest oil reserves?

Oil Reserves by Country

# Country Oil Reserves (barrels) in 2016
1 Venezuela 299,953,000,000
2 Saudi Arabia 266,578,000,000
3 Canada 170,863,000,000
4 Iran 157,530,000,000

What is Canada’s main source of energy?

Total electricity generation in Canada in 2018 was 641 terawatt hours. Hydro has the highest share of generation at 60%, followed by nuclear at 15%, coal at 7%, gas/oil/others at 11% and non-hydro renewables at 7%. Hydro makes up 59.6% of Canada’s electricity generation.

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What does Canada have the most of?

Oil, natural gas, minerals, lumber, water… you name it, chances are Canada has it. After all, it is the second largest country in the world with an incredibly diverse array of landscapes and geology from coast-to-coast.

Does Canada have more oil than Russia?

Some statistics on this page are disputed and controversial. Different sources (OPEC, CIA World Factbook, oil companies) give different figures.

Source US EIA
Canada 172.5
Iran 157.8
Russia 80.0
Saudi Arabia 268.3

Where is the most oil found in Canada?

In 2019, Alberta had the highest amount of crude oil production in Canada. In 2019, Alberta leads the provinces in crude oil production with 80.5% of Canada’s total production, Saskatchewan produced 10.5%, and Newfoundland and Labrador produced 5.6%.

Where does Canada’s oil go?

Canada produces more oil and natural gas than we need to meet energy demand within our country, so the remainder is exported. Essentially all of Canada’s oil and natural gas exports go to one customer: the United States.

What are the three oceans that surround Canada?

It has three ocean borders:

  • the Pacific Ocean in the west.
  • the Atlantic Ocean in the east.
  • the Arctic Ocean to the north.

Why is most of Canada uninhabited?

But did you know that most of it is uninhabited? This is due to its geography and climate that gets inhospitable to humans as you go further up north. A bulk of the population lives in large cities near the US border, Canada’s only neighbouring nation.

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What does Canada produce?

Canada’s leading industries are foodstuffs, petroleum, and natural gas, chemicals, transportation equipment, fishery, and wood and paper materials. Canada boasts abundant minerals including iron, zinc, sulfur, gold, nickel, and magnesium.