One of the most important and untold stories in Canada is the contribution the nuclear industry makes to the economy. Through clean nuclear energy generation in Ontario and New Brunswick, radioisotope production for nuclear diagnoses and therapy, and numerous other technology applications throughout the country, the Canadian nuclear industry is an undeniable source of revenue, jobs and economic prosperity.
Ontario began the process of refurbishing 10 of its nuclear power reactors so that they can continue to provide clean, affordable and reliable electricity for the next 30 to 40 years.
The refurbishment is Canada’s largest infrastructure project to date and will have a massive economic impact, not to mention a significant effect on air quality and health in avoiding fossil fuel use. Over the next 15 years, it will create 9,000 additional jobs, and infuse an additional $3 billion of revenue into the economy.
Nearly 200 Canadian companies supply products and/or services to the nuclear industry. They consist of private and public organizations at both the federal and provincial levels.
Most of these companies are located in Ontario. In fact, nearly every riding in the province is home to companies that make up the nuclear industry.
The nuclear industry in Canada employs approximately 30,000 people directly, and creates another 30,000 jobs indirectly through contracting. Careers in the nuclear industry offer women and men challenging work, competitive salaries and benefits, and opportunities for advancement. Because many of the jobs require highly developed skills and advanced education, the nuclear industry also offers a homegrown job market for skilled graduates and attracts international talent to Canada.
With refurbishment contracts, potential new builds, and an aging workforce, many new jobs will also become available in the next 10 years or so.