Pricey Barrels and Blazing Trails: Canada’s Five-Year Energy Outlook—November 2023

Pricey Barrels and Blazing Trails: Canada’s Five-Year Energy Outlook—November 2023

Canadian
20 min read

Author: Maxime Arseneau

$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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As oil prices face upward pressure amid tight supply and surging demand, what can we expect to see in prices over the medium term and what will be the spread between the West Texas Intermediate and Western Canadian Select? As unplanned maintenance and raging wildfires caused production interruptions in the early part of 2023, what will be the impact on oil and gas GDP? What can we expect to see in business investment over the medium term? And will some of this investment be focused on reducing greenhouse gas emissions?

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Disclaimer: Forecasts and research often involve numerous assumptions and data sources and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

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