Canada enjoyed a 12.8% increase in recorded music revenues in 2016, its second straight increase following a 9.4% bounce-back in 2015.
The stats released yesterday by the International Federation for the Phonographic Industry (IFPI) are included in its annual overview, entitled Global Music Report 2017.
Trade value saw a jump in digital streaming revenue from US$170M to $233M - the biggest gain - as well as a significant increase in synch revenue ($5.9M - $7.8M)m while decreases in physical revenue ($114M - $99M,) and performance rights ($35.9M - $34.7M) countered the growth. Overall, the recorded music revenues were posted at $368M from $362.2M, or in Canadian dollars, $489.4M from $433.8M the previous year.
Digital music revenues accounted for 63.3% of 2016 recorded music revenues and total streaming revenues rose from US$49.82M in 2015 to $127.8M in 2016. Subscription audio streaming accounted for the majority of last year's streaming revenues at US$94.45M.
In terms of top-selling recordings, the best-selling song in Canada was "Cheap Thrills" by Sia featuring Sean Paul, with Drake's "One Dance" factoring in at No. 3 and Justin Bieber's "Love Yourself" coming in at No. 9.
Drake reigned supreme on the album charts with Views, as Canadian artists took seven of the Top 10 album positions: Céline Dion's Encore Un Soir came in at No. 3, followed by Leonard Cohen's You Want It Darker at No. 4, Justin Bieber's Purpose at No. 7, The Weeknd's Starboy at No. 8 and The Tragically Hip's 2005 greatest hits compilationYer Favourites coming in at No. 9.
In related news, Canada regained its position as the sixth largest recorded music market in the world, as Australia slipped to 7th place in 2016.