Canada’s Five-Year Energy Outlook—March 2026

Canada’s Five-Year Energy Outlook—March 2026

Canadian Economic Analysis Industry Economic Analysis
10 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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Old Roots, New Power

Canada’s energy sector continues to evolve. Oil and gas production remains key, but momentum behind decarbonization and renewable energy development is building as the world transitions toward clean energy systems. At the same time, ongoing Canada–U.S. trade frictions, muted business confidence, and elevated geopolitical risks present definite headwinds.

With oil and gas anchoring Canada’s energy landscape, how will this subsector fare in the face of pressures to reduce emissions amid a tightening regulatory environment? What current projects are expected to support higher oil production and expanded electricity generation over the medium term? What will happen to natural gas demand within the broader clean energy shift, and can Canada’s energy sector effectively deepen its role in the global energy transition?

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