This presentation discusses recent energy trends in Canada, including employment, GDP, manufacturing sales, exports, oil rig counts, oil and gas distribution, pipelines, and commodity prices. Key points are that energy sector exports and trade surpluses are down due to lower commodity prices, which have remained below $50 per barrel. The Canadian government also recently approved expansion of a natural gas pipeline with conditions. In summary, a new US president supports energy independence and pipelines like Keystone, but carbon taxation impacts on investment are still uncertain.

1. ENERGY SECTOR – CANADA
– OCTOBER 2016
BY: PAUL YOUNG, CPA, CGA
DATE: NOVEMBER 12, 2016

2. OVERVIEW
• This presentation will discuss energy trends in Canada. The analysis will include oil rigs, commodity
prices, investment, wages, employment and government policies

3. AGENDA
• Employment/labour
• GDP
• Canada Manufacturing Sales
• Exports
• Oil Rig Count
• Oil and Gas Distribution
• Pipelines
• Commodity Prices
• Carbon Taxation/Oil
• Summary

4. LABOUR/WAGES – NATURAL RESOURCES
Note: Stats Canada does not breakout oil from other natural resources in their stats
Source – Stats Canada

5. GDP – NATURAL RESOURCES
Note: Stats Canada does not breakout oil from other natural resources in their stats
Source – Stats Canada

6. CANADA MANUFACTURING SALES
Source – Stats Canada

7. ENERGY SECTOR/EXPORTS
• Energy sector exports are down 27% from YTD Sept/15
• Lower Energy sector exports have led to lower trade surpluses for Energy
Source – Stats Canada

8. ENERGY SECTOR
Source – Baker Hughes

9. CANADA OIL AND GAS DISTRIBUTION
Source – Stats Canada

10. PIPELINES
• The Canadian government on Monday approved the $1.3 billion expansion of a natural gas gathering
pipeline in western Canada belonging to a wholly owned subsidiary of TransCanada Corp, with 36
conditions attached. Source - http://business.financialpost.com/news/energy/ottawa-approves-1-3-
billion-western-gas-pipeline-expansion

11. COMMODITY PRICES
Source – BMO

12. SUMMARY
• New United States President that supports energy independence. Part of that support is Keystone.
• Price oil cannot seem to break the $50/Barrel marked
• It is too early to assessed the impact of carbon taxation on oil and natural gas investment

13. Q&Q
• Contact: Paul_Young_CGA@Hotmail.com