Energy Prices Will Soften as Global Economy Slows Down: Canada’s Three-Year Energy Outlook

An oil rig in the prairies on a clear day

Energy Prices Will Soften as Global Economy Slows Down: Canada’s Three-Year Energy Outlook

Canadian
Pages:14 pages22 min read

Author: The Conference Board of Canada

$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 a slowing global economy on Canada’s energy sector, including its impact on energy prices, oil and gas production, employment levels, trade, and investment.

How will the sanctions on Russia and the fears of a global recession affect energy prices in 2023? Will investment in the oil and gas sector continue to grow despite softening commodity prices over the next few years? We share our forecast for Canada’s energy sector over the next three years, including industry output, prices for oil and natural gas, 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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