
Mixed Signals for Canada's Energy Economy
From Fixed Interests by Fitch Ratings
May 29, 2026 · 15 min · Episode 167
About this episode
The episode discusses the impact of the US-Iran conflict on Canada's energy economy and its implications for various provinces.
The ongoing US-Iran conflict has created a complex and mixed picture for Canada, a major oil exporter navigating both the benefits and costs of elevated energy prices. In this episode of Fixed Interests, Joshua Grundleger and Mark Sadeghian discuss Fitch's updated oil price forecasts and what the shock means for Canada's sovereign credit profile, energy sector, and provincial finances. The conversation examines diverging outcomes across the country, from Alberta's fiscal windfall to the headwinds facing Ontario and Quebec, and considers whether the Carney government's infrastructure and regulatory reforms could meaningfully shift Canada's long-term energy growth trajectory.
People in this episode
Host: Joshua Grundleger
Guest: Mark Sadeghian
Topics covered
- Canada's energy economy
- oil price forecasts
- sovereign credit profile
- energy sector
- provincial finances
- infrastructure reforms
- regulatory reforms
Keywords
- Canada
- energy prices
- oil exports
- Fitch Ratings
- Alberta
- Ontario
- Quebec
- credit profile
- infrastructure
- regulatory reforms
Mentioned in this episode
Organizations: Fitch Ratings
Places: Canada, Alberta, Ontario, Quebec
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