Most Profitable Industries in Canada in 2026

• 1. Oil Drilling & Gas Extraction in Canada

  Total Profit for 2026: $16.7B

  Oil drilling and gas extraction in Canada have grown tremendously, resulting from rising prices and additional investment in production. Oil and gas companies suffered significantly in 2020 amid the pandemic as prices drastically fell amid lockdowns. As the economy reopened, the need for oil and gas became apparent and prices skyrocketed, bolstering revenue. The Russia-Ukraine conflict further exacerbated this, causing exports to surge as foreign countries looked elsewhere to get oil and gas....

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• 2. Apartment Rental in Canada

  Total Profit for 2026: $16.5B

  Revenue for Canadian apartment lessors has gained through the end of 2025. Apartment lessors collect rental income from rental properties, so market forces largely determine their rates. The supply of apartment rentals has grown slower than demand, which has elevated rental rates for lessors' benefit. Favourable economic conditions and demographic trends during most of the period have driven growth in demand. In 2020, the spread of COVID-19 lessened demand for apartment rentals, but the natur...

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• 3. Oil & Gas Field Services in Canada

  Total Profit for 2026: $7.5B

  Canada's oil and gas field service operators have experienced volatile market conditions throughout 2026. World commodity prices performed well throughout the reporting period, especially with a hot start in 2021 as oil and gas prices skyrocketed amid supply constraints. Nonetheless, a two-year surge was eventually met with gradual dips as supply issues wavered away. As a result, revenue has increased at a CAGR of 2.1% over the past five years, reaching an estimated $48.4 billion in 2026. Thi...

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• 4. Gold & Silver Ore Mining in Canada

  Total Profit for 2026: $6.3B

  Gold and silver ore mining continues to thrive as production levels remain elevated, driven largely by Canada's significant gold deposits, which account for over 98.0% of revenue garnered from gold product sales. Early in the current period, in 2021 and 2022, industry returns fell from pandemic-era highs; during the pandemic, escalating gold prices attracted investor attention because of gold's unique properties as a countercyclical asset, offering a hedge against inflation and market volatil...

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• 5. Real Estate Sales & Brokerage in Canada

  Total Profit for 2026: $4.9B

  Real estate sales and brokerage services are closely aligned with the health of the Canadian real estate market. Revenue rises alongside property prices and real estate transaction volumes as real estate agents are paid on commission when they close a deal. The industry has experienced significant volatility through the end of 2025, as fluctuations in interest rates have heavily impacted demand. Revenue will drop at a CAGR of 3.4% to $19.0 billion through the end of 2025, including an estimat...

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• 6. Day Care in Canada

  Total Profit for 2026: $1.8B

  Day care centres in Canada have been experiencing significant shifts as more and more working parents have relied on these services to care for their children. Dual-income families are the status quo in Canada. At the same time, a higher labour force participation rate for women (which day care supports) strengthens the role of child day care in helping families and nationwide economic growth. Record levels of federal investment have entered the industry: the Canadian government sought to sup...

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• 7. Industrial Building Construction in Canada

  Total Profit for 2026: $1.8B

  Industrial building construction contractors have been riding a wave of favourable market conditions recently, marked by a surge in factory and plant construction. Such investments have pushed up revenue growth for industrial building contractors, with factories and plants contributing over half of the industry's total revenue. Also, contractors have benefited from an uptick in transportation and utilities projects, boosted by the Investing in Canada Plan. Mining and ag...

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• 8. Bread Production in Canada

  Total Profit for 2026: $1.5B

  Bread producers expanded over the five years to 2025, with steadily growing export sales and strong demand for the industry's higher-end varieties partly offset by stagnating domestic consumption of wheat products. Despite significant efforts to reinvigorate the bread market, the industry endured decelerating domestic demand from several vital downstream markets because of the health trends discouraging bread consumption. However, industry revenue will still expand at a CAGR of 7.4% over the ...

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• 9. Concrete Contractors in Canada

  Total Profit for 2026: $1.3B

  Concrete contractors have navigated a volatile landscape shaped by shifting interest rates and economic pressures in recent years. The low interest rates of 2020 and 2021 fueled a boom in residential construction, driving significant growth for contractors focused on single-family homes and renovations. As nonresidential spending waned, these residential projects provided a vital lifeline. However, the rise in interest rates during 2022 and 2023 slowed this momentum, particularly in single-fa...

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• 10. Coal Mining in Canada

  Total Profit for 2026: $1.0B

  Coal mining in Canada has been navigating a transformative period, driven by a combination of environmental policies and shifting market dynamics. Recent government regulations demanding carbon capture technologies by 2030 and a transition to a net-zero electricity grid by 2035 have significantly reduced domestic thermal coal consumption. In 2021, coal contributed just 5.0% to Canada’s electricity generation, a stark decline from the 58.0% share in 2010. The conversion of Alberta's last coal-...

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