The forecasted total support on all fossil fuels for consumers in Canada remains relatively stable from 2024 to 2027, maintaining a value of 0.064% of GDP. A slight decrease to 0.063% is predicted for 2028. Compared to the actual data leading up to 2024, this forecast shows minimal year-on-year variation, suggesting a flat trend. Over the five-year period ending in 2028, the compound annual growth rate (CAGR) would indicate stability rather than significant growth or decline.
Future trends to watch for include potential policy shifts towards renewable energy, which could impact forecasts. Additionally, fluctuations in global energy prices and domestic energy policy changes may alter fossil fuel support dynamics in the coming years.
