The direct transfers on fossil fuels in Canada are projected to increase from $1.96 billion in 2024 to $3.2 billion by 2028, expressed in constant 2020 US dollars. This represents a consistent annual growth rate over the forecasted period, with no data available for 2023 for comparison. The year-on-year percentage change reflects a steady rise: approximately 15.8% from 2024 to 2025, and an average Compound Annual Growth Rate (CAGR) of about 10.6% from 2024 to 2028.

Future trends to watch for include:

Policy changes in fossil fuel subsidies amid increasing environmental regulations.
Shifts in energy consumption patterns and technological advancements in renewable energy.
Economic factors influencing domestic and international fossil fuel markets.