Canadian energy sector eyes growth despite tariff concerns

“I think what we do know is that there would be some impact on jobs,” Scholz said at an event in Calgary. He called for collaboration, stating, “Let’s set politics aside, let’s get to work because we have a serious issue at hand.”

Despite these concerns, Canada’s energy sector is experiencing significant growth. The CAOEC projects 6,604 wells will be drilled in Western Canada in 2025, a 7.3 percent increase over 2024.

This would represent the highest level of drilling activity since the 2014-15 commodity price crash, which triggered years of contraction in the sector.

Additionally, employment in the sector is forecast to grow by seven percent year-over-year in 2025, reaching 41,800 jobs.

Scholz highlighted the importance of these positions, describing them as “mortgage-paying, blue-collar jobs for Canadians that will help build strong communities.”