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28 July, 2026
On May 14, 2026, Canada released a national energy strategy targeting a largely electrified economy by midcentury — a goal that requires doubling grid and generation capacity by 2050.The path forward hinges on three critical challenges: securing new financing mechanisms, building a specialized energy workforce, and accelerating permitting and approvals. Businesses and governments at every level must also plan comprehensively for extreme weather and rising volatility in the power sector. The Conference Board examines what Canada's electrification strategy means for businesses, policymakers, and the broader economy.