Agri-food study suggests domestic processing could boost Canadian GDP by $5.4 billion
1 report, 1 independent
Updated Sep 22
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What happened
A new report commissioned by Protein Industries Canada suggests that increasing domestic value-added processing of raw crop exports could generate up to $5.4 billion in additional GDP and $1.1 billion in government revenue. Ernst & Young LLP prepared the analysis.
From cbc.ca
Why it matters
The report argues that redirecting 10% of Canada’s raw crop exports for domestic processing could create approximately 34,000 full-time equivalent jobs. Tyler Groeneveld, CEO of Protein Industries Canada, noted the potential for creating more consumer packaged goods and ingredients in Canada.
From cbc.ca
Who's involved
- Ernst & Young LLPHired to prepare the analysis on agri-food investment
- GroeneveldDiscussed the potential for sector developments in agri-food