How does water impact the Canadian economy?

Western Canada is rich in natural resources. What is often not appreciated, however, is how important the region’s water supply is to the development of these resources. Indeed, water is a central component of almost all economic activity including manufacturing, energy development, tourism and the service sector.

How does water contribute to Canada?

It is an essential part of the global hydrologic cycle. This water is vital to navigation, recreation, fish and wildlife support, and waste dilution, and so sustains the lifestyles of large and small communities across Canada.

How does the climate in Canada affect the economy?

A recent study on the global economic impacts of climate change by Moody’s concluded that Canada could be a “climate winner”: one of few countries that might benefit from a warming world. According to Moody’s, Canada’s GDP could increase by up to 0.3 per cent—about $9 billion per year—by the middle of this century.

How does water pollution affect Canada?

Severe eutrophication can also ruin the aquatic habitat for wildlife. The major sources of nutrients in Canada are runoff from agricultural and municipal areas and improperly treated sewage. Toxic materials in drinking water can affect the health of people, as well as aquatic organisms living in affected water bodies.

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How much water is wasted in Canada?

More than 580 billion litres of drinking water, the equivalent of 236,000 Olympic swimming pools, are being wasted every year by homeowners in the Great Lakes region of Ontario and Quebec, according to a report released today by Environmental Defence.

How is global warming affecting Canada?

Atlantic Canada is one regions in Canada most threatened by global climate change. The region will experience more storm events, increasing storm intensity, rising sea levels, storm surges, coastal erosion and flooding from a warming in global temperatures.

Who is most affected by climate change in Canada?

Other populations considered more vulnerable to climate change include children, Aboriginal people, people with pre-existing health conditions and the poor (Health Canada, 2005). Canada’s population will continue to grow between now and 2056 under most scenarios analyzed by Statistics Canada (see Figure 6; Table 8).

How does polluted water affect the economy?

Deteriorating water quality is stalling economic growth, worsening health conditions, reducing food production, and exacerbating poverty in many countries,” said World Bank Group President David Malpass. …

What is the impact on water pollution?

The main problem caused by water pollution is the effect it has on aquatic life. Dead fish, birds, dolphins, and many other animals often wind up on beaches, killed by pollutants in their habitat. Pollution disrupts the natural food chain as well. Pollutants such as lead and cadmium are eaten by tiny animals.

How does water pollution affect water?

As ground water works its way through the soil, it can pick up excess nutrients and transport them to the water table. When polluted groundwater reaches drinking water systems it can pose serious public health threats. Nutrient pollution can affect vital ground water and drinking water sources.

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Why is Canada a water rich country?

Overall, Canada may be considered a freshwater-rich country: on an average annual basis, Canadian rivers discharge close to 9% of the world’s renewable water supply, while Canada has less than 1% of the world’s population. Water is used in the resources and energy industries. …

Can Canada run out of water?

The new report from the Fraser Institute – which describes itself as a non-partisan think tank – said that Canada is in no danger of running out of freshwater. Looking at the data, Canada appears to be a water-rich nation. Canada has access to as much as 20 per cent of the world’s stock of surface freshwater.

Should Canada sell its water?

As such, Canada should arguably treat water the same way it treats oil or wheat — as a valuable commodity on the international market. As climate change increases water variability in many parts of the world, Canada will face increasing economic and political pressures to commoditize its abundant freshwater supplies.