Western Economic Diversification Canada (WD) is the regional economic development agency for Western Canada, striving to strengthen the region's competitive edge through innovative projects and enhanced productivity. By funding initiatives that promote technological advancements and business process innovation, WD plays a pivotal role in boosting productivity and competitiveness in the region. Moreover, the agency facilitates access to international markets, aiming to increase value-added production and global market access. With a strong emphasis on innovation and productivity, WD's mission aligns with its slogan, "Fueling Western Canada’s growth through innovation, productivity, and global market access."
Western Canada stands out as an attractive business destination, leveraging its rich natural resources, robust technology and service sectors, and cost-effective operational environment. The strategic location provides proximity to Asian markets, access to inland and sea ports, and superior transportation services throughout North America, ultimately enhancing export efficiency.
Contributing significantly to the national economy, Western Canada played a substantial role in Canada's real GDP by industry, accounting for 38% of the total in 2014. Moreover, it constituted 42% of the country's exported goods during the same period. Notably, the United States emerged as Western Canada's major trading partner, representing approximately 77% of goods exports in 2014. Furthermore, exports to the Asia-Pacific region saw a notable increase, comprising about 15% of total exports in 2014, reflecting a 24% surge over five years.
The cornerstone of Western Canada's economic growth is its natural resources sector, with resource-based goods constituting approximately 68% of total exports in 2014. This sector has fostered the development of industry clusters in mining, forestry, oil and gas, and agriculture.
Established in 1987, WD continues to play a vital role in fostering economic development and innovation in Western Canada, serving as a catalyst for the region's sustained growth and global market expansion.
