Calgary Economy [2025]: Top Industries & Biggest Employers

New opportunities await when one chooses to relocate to a new area. Calgary, Alberta's largest city and a hub of innovation and opportunity, boasts a diverse and robust economy that has long been a cornerstone of Canada's economic landscape. Known for its dynamic mix of industries, Calgary has evolved from its early days as a centre for agriculture and oil to become a thriving metropolis with a forward-looking economy. Whether you're a job seeker, investor, or simply curious about Calgary's economic heartbeat, this guide to Calgary's economy offers a comprehensive look at what makes this vibrant city tick.

Calgary's Industries

One of the reasons so many people are moving to Calgary is because its economy is so diverse. Despite the nickname, there is a wide variety of industries waiting inside "Cowtown."

True to its nickname, the agribusiness industry is a key part of Calgary's economic landscape—but it involves far more than farms on the outskirts. Calgary is dedicated to the business of agriculture, including training, research, and development. Additionally, Calgary boasts expertise in futuristic food service trends like livestock genetics, crop science, and Agtech innovation. With almost 70% of Canada's total irrigated area in southern Alberta, Calgary will have an agricultural role for the foreseeable future.

Much like agriculture, Calgary's energy role grew out of its natural resources. Alberta is the largest oil and natural gas producer in Canada. In recent years, however, Alberta has also developed an affinity for energy alternatives. Not only is Alberta rich in fossil fuels, it also has some of the nation's best solar, wind, geothermal, and bioenergy resources. Calgary's three highest-revenue companies are Cenovus Energy, Imperial Oil Ltd., and Suncor Energy Inc., each producing roughly $50 billion in revenue. Going down the list, 42 of the top 50 highest-revenue companies in Calgary are related to oil, energy, or utilities, according to the FP500 list.

Wherever natural resources transactions are taking place, the financial sector will have a role. Accordingly, the financial services sector in the area is also one of its largest industries. They serve everything from high capital transactions, foreign investors, and individuals. Rounding out the industries are creative industries, digital media, life sciences, and technology companies.

Calgary's Top Employers

People seeking career advancement or entrepreneurial opportunities have many options in Calgary. Because the city offers many industries, there are a wide variety of employers.

Suncor Energy: One of Canada's largest energy companies, Suncor specializes in oil sands development, refining, and retail operations. Headquartered in Calgary, it offers extensive career opportunities in energy production and sustainability.

TC Energy: A leader in energy infrastructure, TC Energy focuses on natural gas and liquids pipelines as well as power generation. It has a significant presence in Calgary with numerous roles in engineering, environmental sciences, and management.

Enbridge Inc.: Known for its pipeline operations and energy transportation, Enbridge plays a pivotal role in connecting North America's energy resources to markets. Calgary hosts its corporate headquarters, offering roles in various disciplines.

Canadian Pacific Kansas City (CPKC): A major North American railway operator, CPKC manages transportation networks across Canada and the United States. Its Calgary headquarters employs professionals in logistics, engineering, and corporate services.

WestJet Airlines: This Calgary-based airline is a key player in Canadian and international travel. It provides diverse employment opportunities, from flight operations to customer service and corporate roles.

University of Calgary: As a top research university, it employs thousands of faculty and staff in academic, research, and administrative positions. The university is a cornerstone of Calgary's education and innovation sectors.

Alberta Health Services (AHS): AHS is the largest health care provider in Alberta, offering roles in medical, administrative, and support services. Calgary is home to many of its hospitals and specialized health facilities.

Nutrien: One of the world's largest producers of potash, nitrogen, and phosphate fertilizers, Nutrien's Calgary office focuses on corporate functions, agriculture innovation, and sustainability.

Is Calgary a Good Place to Start a Business?

Yes, Calgary is generally a great place to start a business. Calgary is home to many resources that support startups, including incubators, accelerators, and coworking spaces. Organizations like Platform Calgary and Alberta Innovates provide mentorship, funding, and networking opportunities for entrepreneurs.

Alberta has the lowest corporate tax rate in Canada at 8%, with a small business tax rate of 2%. Calgary welcomes entrepreneurs and continually works to support a business-friendly environment.

Calgary also has location and local workforce on its side. Calgary's location and transportation infrastructure, including an international airport and proximity to the U.S. border, facilitate access to global markets. The city is also a hub for logistics and distribution. And with a highly educated and skilled population, Calgary offers a strong talent pool.

Calgary's Economy: Facts and Figures

In addition to the availability of many potential employers, Calgary's general economic numbers show a great deal of promise.

Alberta's GDP growth is expected to outpace the national average, hitting 2.3%–2.8% increases. The province's increasing diversification is another sign of future economic resilience.

Over 118,000 new jobs are expected to be created between 2024 and 2029, according to the Calgary & Region Economic Outlook. However, the sheer volume of job-seekers flocking to Calgary over the past several years may cause a rise in unemployment, up to a projected 7%.

Housing starts have exploded with the demand for housing, hitting a record-breaking 21.3 thousand in 2024 and construction activity expected to remain strong. Plenty of new construction homes and infill homes will be available for buyers.

Calgary: The City of Opportunity

Calgary is a great city for jobs and entrepreneurial opportunities. There are many growing industries and stable companies that ensure a fulfilling future for the city's residents, paired with an affordable cost of living. Calgary has something for everyone to discover.