Energy, oil, and gas price forecast | Deloitte Canada Discover how our forecast insights can be the catalyst you need to identify efficiency gains, allocate resources effectively, and sustain high operational performance
Canada’s GDP outlook slashed by 20% over Iran war ‘uncertainty’ Deloitte’s forecast said consumers are likely to remain cautious in anticipation of prolonged elevated energy prices and a softer labour market, resulting in only modest spending growth in 2026
SHOP, LULU, QSR: Canada’s GDP Forecast Cut by 20% as Energy Prices Soar The Outlook for Canada In its report, Deloitte said Canada’s real gross domestic product (GDP) is set to grow 1 2% this year after booking a 1 7% gain in 2025 In January, the firm forecast that Canada’s GDP would rise by 1 5% The downgrade comes as crude oil prices continue to rise by double-digits with no end to the Iran war
Canada’s GDP Forecast Cut Amid Iran Conflict Concerns Canada's GDP Forecast Cut: Iran Conflict Raises Economic Uncertainty Explore how the escalating Iran conflict impacts Canada's economic outlook, with Deloitte cutting GDP growth projections amid rising oil prices and trade tensions
Modest growth projected for 2026 as uncertainty from Iran war, trade . . . The Canadian economy is expected to see modest growth this year, but the ongoing war in the Middle East and continued trade uncertainty are among the risks to that projection Deloitte’s spring economic outlook released Thursday estimated 1 2% growth in 2026, down from last year’s 1 7% gain
Deloitte downgrades forecast on risks from upcoming CUSMA review, Iran . . . Deloitte Canada has downgraded its growth expectations for Canada in 2026, forecasting gross domestic product (GDP) will rise by 1 2 per cent this year, compared to its previous forecast in January of 1 5 per cent The downgrade comes as the global economy reels from the impacts of the United States-israel war on Iran