Music industry alive and well… in Canada

Lots of things are looking good for Canada: Our dollar is at an all time high, and our music industry, too, is doing well. According to this article at the The Globe and Mail:

A new reports says Canada’s sound recording and music publishing industries turned a relatively healthy profit in 2005.

The Canadian profits come despite the worldwide decline in record sales and increased competition from other forms of entertainment.

Each of the three major segments of Canada’s music industry – record production, music publishing, and recording studios – posted a profit in 2005.

In total, the industry reported operating revenues estimated at $942-million.

What does this have to do with DIY recording? Well, it means that there is light at the end of the tunnel. The music business in Canada is almost a $1 billion industry and you’re part of it.