Wine, grape industry accounts for $6.8bn in Canadian economy: Report
Wine and grape industry in Canada accounts for $6.8bn in the country’s economy, according to a research Canada’s Wine Economy - Ripe Robust Remarkable commissioned by Canadian Vintners Association, the Winery & Grower Alliance of Ontario, the British Columbia Wine Institute and the Winery Association of Nova Scotia.
Conducted by an international accounting and research firm - Frank, Rimerman + Co, the research also found that the wine industry annually generates around $1.2bn in federal and provincial tax revenue, around $1.2bn in tourism revenue and creates over 31,000 jobs in the country.
The increase in economy is mainly supported by Canadian winemakers, who also support related industries through investments, job creations and market opportunities in rural communities across the country.
According to the report, Canadian wines accounts for only 30% of total wine sales in the country and imported wines account for 70%, which shows Canadian wines have more potential to build the country's economy.
Canadian Vintners Association president Dan Paszkowski said the findings show the impact of the Canadian wine industry on the national economy.
"The impacts are both direct and indirect, from job creation and tourism to tax generation and agricultural growth, the wine industry benefits multiple business sectors across the entire Canadian economy," he added.