Statistics Canada released quarterly data showing that capital expenditures in the country’s oil and gas extraction sector were around $11 billion throughout 2025. In Q1 2025, companies spent $11.15 billion, rising slightly to $11.34 billion in Q2. Expenditure fell to $10.74 billion in Q3, then climbed to $11.69 billion in Q4. The first quarter of 2026 saw a further drop to $10.21 billion. The figures, presented in millions of dollars, reflect the industry’s investment patterns over the period. The data are part of Statistics Canada’s quarterly release on capital expenditures in oil and gas extraction. The sector is classified under NAICS code 211, and the statistics are seasonally adjusted. The dip in Q1 2026 compared to the $11.69 billion spent in Q4 2025 suggests a temporary slowdown in investment.
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