0931 ET - President Trump's focus on annexing Canada to make it the 51st U.S. state has put the northern nation's wealth of natural resources in the spotlight, but just what is that worth? Based on data from Statistics Canada, the country's mineral and energy reserves and timber combined accounted for nearly C$1.3 trillion in the last quarter, or 7.5% of the country's national wealth. Canadian exports of minerals, energy and timber represent a big contributor to its economy and to the economic activity of countries who benefit from this trade, including the U.S., the data agency notes. It says 2024 data on Canadian international merchandise trade shows selected domestic exports of minerals, energy and timber products accounted for over C$300 billion, with nearly three-quarters of this destined for the U.S. on a customs basis. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
March 13, 2025 09:31 ET (13:31 GMT)
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