Most Profitable Industries in Canada in 2026

• 1. 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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• 2. Tour Operators in Canada

  Total Profit for 2026: $0.2B

  Canadian tour operators have experienced a dramatic revenue rebound over the past five years as travel restrictions eased and pent-up demand unleashed record domestic and inbound tourism. However, growth is now plateauing as households confront cost-of-living pressures and shift toward value-driven travel. Travellers increasingly favour affordable “dupe” destinations, ultra-personalised itineraries or wellness- or food-focused trips, prompting operators to expand lower-...

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• 3. Audio & Video Equipment Manufacturing in Canada

  Total Profit for 2026: $0.1B

  The industry has experienced unprecedented revenue growth, spurred by global events and evolving consumer behaviors. Despite volatile input prices and increased global competition, audio products have surged in popularity in recent years, being driven by surging demand for home entertainment, remote working capabilities and digital platform adoption. These trends have led to industry revenue increasing at a CAGR of 9.5% to $1.2 billion over the five years to 2026, with ...

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• 4. Cannabis Production in Canada

  Total Profit for 2026: $-1.0B

  Cannabis producers in Canada have blossomed in recent years as recreational products have continued to expand in popularity and sales since their legalization in 2018, opening up strong revenue growth. While sales of medical products have remained largely stagnant, recreational cannabis producers have been able to convert more and more of the illicit cannabis market to legal sales, underpinned by an increase in consumer confidence toward licensed products. Businesses have also significantly e...

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