Given that the world’s economy seems to be finally finding its feet after the recent economic slowdown, many people are already looking ahead to see which areas of industry will be performing successfully in the upcoming years.
But despite the improving global trends, the Canadian economy still looks relatively weak, and as such it’s with a degree of trepidation that many are looking to the expected growth of these following industries.
Although the world’s oil prices have collapsed in the past year, the many industries surrounding the activities of oil extraction and distribution remain integral to the Canadian economy. It’s expected that jobs in these industries are expected to grow by up to 10% with petroleum engineers, drillers and even accountants being much in-demand for this traditional and important industry.
Despite the nation’s reliance on such primary industries, it’s the developments in the online domain that are really providing exciting new growth for Canada. The Vancouver-based brand Hootsuite have delivered businesses a much more simple way to align their social media activities and will be enjoying the benefits of their recent integration with Microsoft. And social media blogs have also been successfully used by the likes of online gaming site Royal Vegas Casino who deliver the latest gaming news to their avid fanbase with a much greater ease thanks to the new technologies.
The convenience with which Royal Vegas Casino are able to deliver their games of roulette, poker and blackjack to their audience further illustrates the rise of Canadian entertainment brands who are able to use the online environment to their advantage. The Canadian-American company Lionsgate have managed to utilise the innovations in streaming technology to make massive global successes out of television series such as Mad Men in ways that would have been unimaginable just a decade ago.
Interestingly, it’s Canada’s shifting demographics that have paved the way for one of the nation’s fastest growing industries with a much greater demand for careworkers needed to assist Canada’s ageing population. Roles relating to care-homes, elderly food provision and nursing are thought to become increasingly in demand in the coming years due to the relative imbalance between the nation’s elderly population and the young workforce.
And finally, one industry that looks to benefit from Canada’s weak economy is the nation’s homegrown tourism industry. With many Canadians less likely to cross the border to the USA for their vacations, the weak Canadian dollar will mean that many will be looking to spend their holidays closer to home, which will undoubtedly benefit the nation’s tourist industry.