Canada’s Five-Year Energy Outlook—November 2025

An oil rig in the prairies on a clear day

Canada’s Five-Year Energy Outlook—November 2025

Canadian Economic Analysis Industry Economic Analysis
13 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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Harmonizing the Old and the New

Canada remains a large producer of oil and gas, but the push for decarbonization and renewable development is gaining traction in line with the global transition to cleaner energy systems. Successfully navigating this shift will require balancing long-standing strengths in conventional energy with the scaling of low-carbon technologies to sustain long-term growth and competitiveness.

Given that the volatility in global energy markets is likely to persist amid economic and geopolitical uncertainty, what are our predictions for Canada’s energy sector over the next five years? Will natural gas prices rebound following record low prices? Which LNG projects are gaining momentum? What is the outlook for electric power?

Read the online experience to get our full analysis.

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