Water security is Canada’s next economic imperative.
Last year was a wake-up call for many Canadians about the precarious nature of water, even in a country long defined by its apparent abundance. By the end of September, 85 per cent of Canada was experiencing some level of drought.
Drought, however, is only the tip of the iceberg. It reveals deeper economic, health and national security risks under the broader concept of water security.
Although Canada holds one of the largest shares of freshwater globally, this perception of abundance masks significant vulnerabilities as well as emerging opportunities. Climate change is warming Canada faster than southern countries, exposing drier parts of the country to droughts and wildfires. This increases the demand for water and diminishes the reserves needed to sustain it.
