The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short- and medium-term economic and profitability outlooks for these industries.
Canada’s Oil Extraction Industry: Industrial Outlook, Summer 2008
Canada’s Oil Extraction Industry: Industrial Outlook, Summer 2008
Industry Economic Analysis
$1,225.00
- Crude Price—Crude prices will remain well above historical averages throughout the forecast period, driving revenue growth and keeping profits elevated.
- Production—Years of investment are finally paying off in Western Canada. Production is poised to expand rapidly over the coming years, providing a boost to the entire economy.
- Soaring Costs—Labour and materials are scarce in the industry, particularly in the West, forcing the costs of these inputs to increase. Rising costs are now a part of doing business in the oil industry, and will remain an ongoing concern heading forward.
Customers Who Downloaded This Also Liked
6 min read
10 min read
10 min read
10 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
Effective January 26, 2026, AERIC Inc./Signal49 Research discontinued use of ‘The Conference Board of Canada’ name, logo and branding, which had been used by AERIC Inc./Signal49 Research under license from The Conference Board, Inc. The Conference Board, Inc. and its licensees, which are not affiliated with Signal49 Research, own all right, title and interest in THE CONFERENCE BOARD name and trademarks in Canada and have the exclusive right to their use in Canada since January 26, 2026.
