Industry Lens: Utilities—February 2026

Industry Lens: Utilities—February 2026

Industry Economic Analysis
10 min read

Author: Maxime Arseneau

$985.00

This report examines the short- and medium-term economic and profitability outlook for Canada’s utilities industry.

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Wired for Change

Canada’s utilities sector is entering a transformative period, driven by rising electricity demand, decarbonization policies, and technological change. The shift to a cleaner economy will put growing pressure on the grid as households, businesses, and industry use more electricity.

How will short-term challenges, such as droughts and wildfires, affect hydroelectric generation? What impact will the anticipated increase in the adoption of heat pumps have on electricity demand over the forecast period? How will workforce dynamics shift given that the utilities sector is poised to be among the leading adopters of advanced automation technologies?

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