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. As the economy reopened in 2021, 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. While prices crept down later in the period, they remained elevated and well above pre-pandemic levels. O...

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• 2. Apartment Rental in Canada

  Total Profit for 2026: $16.5B

  Revenue for Canadian apartment lessors has increased through the end of 2026. Apartment lessors collect rental income from rental properties, so market forces largely determine their rates. The supply of apartment rentals has grown more slowly than demand, driving up rental rates to the benefit of lessors. Favourable economic conditions and demographic trends throughout most of the period have driven demand growth. In 2020, the spread of COVID-19 lessened demand for apartment rentals, but the...

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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. Meat, Beef & Poultry Processing in Canada

  Total Profit for 2026: $5.1B

  The Canadian meat, beef and poultry processing industry is a cornerstone of the nation's food manufacturing sector. Despite its essential role, the industry has grappled with notable challenges recently. A growing awareness of the health risks associated with red meat consumption, such as obesity, heart disease and certain cancers, has prompted many Canadians to reevaluate their dietary habits. Consequently, per capita meat consumption growth has slowed, pressuring mark...

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• 6. 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 2026, as fluctuations in interest rates have heavily impacted demand. Revenue will drop at a CAGR of 9.2% to $19.3 billion through the end of 2026, despite an estimated...

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• 7. Pharmacies & Drug Stores in Canada

  Total Profit for 2026: $2.9B

  Canadian pharmacies and drug stores have been experiencing moderate volatility. Drug stores have benefitted from growing health-related expenditures, with prescription medications remaining popular among consumers. Although increasing pharmaceutical prices have bolstered revenue, many provincial drug programs restricted prescription prices to cut healthcare costs, requiring generic drugs to be marked down by a percentage of the patented drug equivalent, which limits revenue growth and prevent...

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• 8. Insurance Brokers & Agencies in Canada

  Total Profit for 2026: $2.9B

  During the current period, Canadian insurance brokers and agencies have experienced considerable fluctuations due to economic factors and regulatory changes. Concerns at the onset of the period arose as corporate profit dwindled, reducing insurance spending by businesses. Nevertheless, government aid helped bolster disposable income levels, spurring demand from households. Following the economic downturn, the relaxation of restrictions facilitated a rebound in corporate profitability, support...

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• 9. Day Care in Canada

  Total Profit for 2026: $1.8B

  Day care centres in Canada continue to serve a central role in supporting families and the broader economy, shaped by rising workforce participation among parents and growing demand for early learning opportunities. In recent years, the need for accessible, quality services has propelled enrollment to record highs, with nearly 1.1 million children enrolled as of 2024, surpassing pre-pandemic figures. Government initiatives, such as the Canada-Wide Early Learning and Child Care (CWELCC) progra...

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• 10. 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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