Lift on Trade restrictions on Alcohol in Ottawa urges investments
Movement of alcohol between provinces would be simpler once legislation passed says Internal Trade Minister Dominic LeBlanc.
As soon as legislation regarding flow of beer, wine and spirits gets passed across provincial and territorial boundaries it would lot of opportunities for Local as well as International Investments in this sector.
The following industries will greatly benefit from this legislation:
- Alcoholic beverages (except brandy), distilling
- Blending distilled beverages (except brandy)
- Cordials, alcoholic, manufacturing
- Distilleries
- Distilling alcoholic beverages (except brandy)
- Eggnog, alcoholic, manufacturing
- Ethyl alcohol, potable, manufacturing
- Grain alcohol, beverage purposes, manufacturing
- Liqueurs, manufacturing
- Liquor-based coolers, manufacturing
- Liquors, distilling and blending (except brandy)
- Mixed drinks, alcoholic, manufacturing
- Rum, manufacturing
- Vodka, manufacturing
- Whisky, manufacturing
The tables below shows total number of Canada based Distilleries and their Performance in 2016:
| Establishments | Average Revenue | Profitable | Exports | Imports |
| 112 | $502.4 thousand | 56.7% | 56.7% | $1.1 billion |
| Province/territory | Employers | Non-employers / Indeterminate |
|---|---|---|
| British Columbia | 16 | 13 |
| Ontario | 15 | 12 |
| Quebec | 14 | 10 |
| Nova Scotia | 6 | 4 |
| Alberta | 5 | 4 |
| Saskatchewan | 4 | 1 |
| Manitoba | 3 | 1 |
| New Brunswick | 1 | 1 |
| Newfoundland and Labrador | 1 | 0 |
| Northwest Territories | 0 | 0 |
| Nunavut | 0 | 0 |
| Prince Edward Island | 0 | 0 |
| Yukon | 0 | 1 |
| Canada | 65 | 47 |
Source: Statistics Canada, special tabulation, unpublished data, unclassified excluded, 2016.
Conclusion:
It is assumed that this industry will boom in the coming decade keeping in consideration the benefits of recent bill that allows easy flow of liquor and its trade.
Author: Team Quantum
