Canada’s Five-Year Energy Outlook—August 2025

Canada’s Five-Year Energy Outlook—August 2025

Canadian Economic Analysis Industry Economic Analysis
20 min read

Author: Jake Lenarduzzi

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on energy. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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More Voltage and More Volatility

In this research, we examine the outlook for the Canadian energy industry in the face of ongoing market volatility. With the Trans Mountain Expansion project complete, when will the pipeline system reach full capacity? Will higher global valuations for Canadian heavy crude hold over the medium term? Will increased liquified natural gas production and exports to Asian markets offset weak oil market fundamentals over the near term? Are energy investments keeping in line with the clean energy transition?

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