Reports by Moody’s Investors Service, Standard and Poor’s, Dominion Bond Rating Service and CIBC all cite economic diversity as one of the province’s major economic strengths. Diversity provides long-term economic stability, and ensures that Manitoba firms have access to a variety of supplies and services.
Although Manitoba is rich in natural resources and fertile farmland, the provincial economy is not dependent on any single industry or commodity. Manufacturing is Manitoba’s largest sector, accounting for over 12% of total GDP. Manitoba is home to Canada’s largest plants for furniture, doors, windows and cabinetry. It is also North America’s largest producer of intercity and urban buses.
The province is also home to many major service sector operations, including the head offices of two of Canada’s major financial corporations – Great-West Lifeco and IGM Financial -- and one of the country’s largest media companies -- CanWest Global Communications Corp.
Detailed analysis of the Manitoba economy in the Manitoba 2016 Budget Papers
Details on Manitoba’s diverse industry sectors