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Overview of the pharmaceutical industry in Canada
The pharmaceutical industry in Canada employs approximately 30,000 people. It supplies about one third of the domestic pharmaceutical consumer market of $27 billion annually.[1] This accounts for ~16% of yearly health expenditures. Canada had a pharmaceutical trade deficit of $8.5 billion in 2018 with exports of $11 billion and imports of $19.5 billion. The majority of large pharmaceutical companies are headquartered in Montreal, Quebec.[1] Both Toronto and Montreal have healthy pharmaceutical industries.
^ ab"Government of Canada Pharmaceutical Industry Profile".
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