Weathering Wildfires and Market Swings: Canada’s Three-Year Energy Outlook—July 2023

An oil rig in the prairies on a clear day

Weathering Wildfires and Market Swings: Canada’s Three-Year Energy Outlook—July 2023

Canadian Economic Analysis Industry Economic Analysis
Pages:14 pages15 min read

Author: Signal49 Research

$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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This quarter, we look at the impact of major wildfires and global economic trends on Canada’s energy sector.

How did the headline-making wildfires across Canada affect energy output? Where will oil prices land given the conflicting trends of supply (promised cutbacks by global oil producers) and demand (economic slowdowns in multiple major economies)? We share our forecast for Canada’s energy sector over the next three years, including industry output, oil prices, the labour market, and capital spending. 

Read the issue briefing to get our full analysis.

Key findings
Energy snapshot
Overview
Energy prices
Output
Labour
Trade
Investment
Methodology

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