Atomic Energy of Canada Ltd, through the work of Canadian Nuclear Laboratories, has an impact of more than $1.6 billion on the Canadian economy.
More locally, the Chalk River Laboratories account for the lion’s share of that impact, with an “economic footprint” of almost $1 billion.
Those are the results of a new “socioeconomic impact assessment” study for AECL conducted by Pricewaterhouse Coopers LLP (PwC) and posted recently on the AECL website.
The figures are based on the 2023-24 fiscal year.
Overall, PwC estimates that AECL and CNL have an economic impact of $1.651 billion in “direct,” “indirect” and “induced” economic activity, provide or support full-time 12,890 jobs, and generate $423.1 million in in tax revenues across personal income tax, corporate income tax, and taxes on products and production.
Figures for Chalk River include $979.1 million in economic impact, 7,369 jobs, and $237.8 million in tax revenues.
Broken down by site, PwC estimates the impact of the Port Hope Area Initiative at $396.2 million and the Whiteshell Laboratories at $177.8 million.
“Headquartered in Chalk River, Ontario, today AECL remains the owner of the largest nuclear science and technology laboratory in Canada, with a mission to ensure that both Canadians and the world benefit from nuclear science and technology, with a strong emphasis on nuclear safety, security, and environmental stewardship,” the report states…
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